administration order Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “administration order” in the English Dictionary

"administration order" in Business English

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administration ordernoun [C]

uk   us   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 ​financialsituation and to ​keep it ​operating: The ​company had ​applied to the Court of Session for an ​administrationorder and put the ​business into the ​hands of the ​accountants.
(Definition of administration order from the Cambridge Business English Dictionary © Cambridge University Press)
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