Updated: Aug 20, 2021

The situation of a company in financial difficulties whose affairs are put into the hands of an administrator by court order. The object of administration is to enable the company to survive as a going concern or, if that proves impossible, to get a better price for its assets than immediate liquidation would produce.

Reference: Oxford Press Dictonary of Economics, 5th edt.

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James Knight
Editor of Education
James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.