Administration Order

Administration Order
An order made by a court for the administration of the estate of a judgment debtor or a company in financial distress, focused on debt repayment and business survival.
Insolvency Administration Order
A legal mechanism through which the estate of a deceased debtor is administratively handled in cases of insolvency, often drawing from principles of bankruptcy law.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.