Administration

Business, Legal & Accounting Glossary

Definition: Administration


Quick Summary of Administration


An insolvency procedure, in which a company is in severe trouble, but still with some hope of recovery, may be put into the charge of a court-appointed administrator. Going into administration means the company cannot be wound up without the court’s permission.



Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/administration/
Modern Language Association (MLA):
Administration. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. November 24, 2020 https://payrollheaven.com/define/administration/.
Chicago Manual of Style (CMS):
Administration. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/administration/ (accessed: November 24, 2020).
American Psychological Association (APA):
Administration. PayrollHeaven.com. Retrieved November 24, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/administration/

Definition Sources


Definitions for Administration are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 26th April, 2020 | 2 Views.