Administration
From ACT Wiki
1. UK insolvency law.
A procedure in relation to a company in financial difficulties with a view to securing its survival as a going concern.
Or, failing that, to achieving a more favourable realisation of its assets than would be possible on a liquidation or through a voluntary arrangement.
2. Governance.
Activities relating to organising and supervising an institution or other organisation.
3. Corporate structure.
The people who undertake the work in definition 2 above.
