In page navigation
Although this term has a particular meaning when applied to the costs of the administrator of the estate of a deceased person (administration, letters of) it is also used in a more general sense in the printed accounts of companies or other organizations. Here it refers to expense headings which cannot be related directly to a stated department but which are attributable, in an imprecise sense, to the overall running of that company or organization.
Reference: The Penguin Business Dictionary, 3rd edt.
Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >