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administration order

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noun law
an order by a court appointing a person to manage a company that is in financial difficulty, in an attempt to ensure the survival of the company or achieve the best realization of its assets
an order by a court for the administration of the estate of a debtor who has been ordered by the court to pay money that he owes
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Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

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