administration order


administration order
administration order administration order order1

* * *

administration order UK US noun [C] UK LAW
an order by a court for a company that cannot pay its debts to be managed by an independent administrator who will try to improve the company's financial situation and to keep it operating: »

The company had applied to the Court of Session for an administration order and put the business into the hands of the accountants.


Financial and business terms. 2012.

Look at other dictionaries:

  • administration order — Under Part II of the Insolvency Act 1986, an administrator is appointed under Court order. He takes control of the company s affairs to achieve the primary purpose of allowing the company to recover from its financial difficulties and to be… …   Law dictionary

  • Administration Order — In English and Welsh insolvency law, an Administration Order is a method used to protect a company experiencing short or medium term financial problems from its creditors. A court order is issued that forbids any form of legal or insolvency… …   Wikipedia

  • administration order — 1) An order made in a county court for the administration of the estate of a judgement debtor (see judgement creditor). The order normally requires the debtor to pay all debts by instalments; so long as he does so, the creditors referred to in… …   Big dictionary of business and management

  • administration order — 1) An order made in a county court for the administration of the estate of a judgment debtor. The order normally requires the debtor to pay the debts by instalments; so long as this is done, the creditors referred to in the order cannot enforce… …   Accounting dictionary

  • administration order — /ədˌmɪnɪ streɪʃ(ə)n ˌɔ:də/ noun 1. an order by a court, by which a debtor repays his debts in instalments 2. an order by a court to appoint an administrator for a company …   Dictionary of banking and finance

  • insolvency administration order — A court order for the administration of the insolvent estate of a deceased debtor in bankruptcy …   Accounting dictionary

  • Administration (insolvency) — Administration is a procedure under the insolvency laws of a number of common law jurisdictions which functions as a rescue mechanism for insolvent companies and allows them to carry on running their business. The process mdash; an alternative to …   Wikipedia

  • Administration (law) — As a legal concept, administration is a procedure under the insolvency laws of a number of common law jurisdictions. It functions as a rescue mechanism for insolvent entities and allows them to carry on running their business. The process – an… …   Wikipedia

  • order — 1) In business and trade, making a request to deliver, sell, receive, or purchase goods or services; 2) In the securities and futures trade, instructions to a broker on how to buy or sell. The most common orders in futures markets are market… …   Financial and business terms

  • Order of Preachers —     Order of Preachers     † Catholic Encyclopedia ► Order of Preachers     As the Order of the Friars Preachers is the principal part of the entire Order of St. Dominic, we shall include under this title the two other parts of the order: the… …   Catholic encyclopedia