The Administration cardAdministration

Administration

law

Common

Rarity: Common

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Class
Notion
Domain
Science and technology
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What Wikipedia says

As a legal concept, administration is a procedure under the insolvency laws of a number of common law jurisdictions, similar to receivership or bankruptcy in the United States. It functions as a rescue mechanism for insolvent entities and allows them to carry on running their business.

Excerpt from the Wikipedia article “Administration (law)”, under the CC BY-SA 4.0 license. Read the article on Wikipedia

Image: Hopea, CC BY-SA 3.0, via Wikimedia Commons.

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