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. June 15, 2021 https://payrollheaven.com/define/administration/.
Chicago Manual of Style (CMS):
Administration. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/administration/ (accessed: June 15, 2021).
American Psychological Association (APA):
Administration. PayrollHeaven.com. Retrieved June 15, 2021, 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 | 4 Views.