administration Meaning in Cambridge Business English Dictionary
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Meaning of "administration" - Business English Dictionary

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administration

noun
 
 
/ədˌmɪnɪˈstreɪʃən/
[U] the activity of managing or dealing with a business activity: Administration of the scheme is costly in terms of time. She studied business administration at New York University.
[U] WORKPLACE →  admin
[C] the people who manage and control a large organization: Some foreign postal administrations, including Britain's and France's, have embraced the concept. Will medical school administrations and faculty be happy to adopt a large increase in class size?
[C] ( also Administration) GOVERNMENT the government of the United States or of some other countries: It seems like there's an effort to centralize authority in Washington more than there has been in prior administrations. the Obama/Bush/Nixon Administration
[U] UK LAW a situation in which an independent administrator takes control of a company that cannot pay its debts in order to try to improve the company's financial situation and keep it operating: The company has gone into administration, which was required if any money was to be returned to creditors. His business empire continues to trade and is not in administration. →  Compare liquidation , receivership →  See also business administration , the Federal Aviation Administration
(Definition of administration from the Cambridge Business English Dictionary © Cambridge University Press)
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