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English definition of “administration order”

administration order

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 .
(Definition of administration order noun from the Cambridge Business English Dictionary © Cambridge University Press)
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