- 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 reorganised to ensure the most profitable realisation of the company's assets.
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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… … Financial and business terms
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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
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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