As a legal concept, administration is a procedure under the insolvency laws of a number of common law jurisdictions. It functions as a rescue mechanism for insolvent entities and allows them to carry on running their business. The process – an alternative to liquidation – is often known as going into administration. A company in administration is operated by the administrator (as interim chief executive) on behalf of the creditors as a going concern while options are sought short of liquidation. These options include recapitalising the business, selling the business to new owners, or demerging it into elements that can be sold and closing the remainder.
Administration differs from receivership in that it is usually carried out by a judicial authority, whereas receivership is called in by the bank or creditors involved.
In Australia there are two related processes: voluntary administration and deeds of company arrangement which are also supervised by an administrator.
Administration may refer to:
The term administration, as used in the context of government, differs according to jurisdiction.
In American usage, the term refers to the executive branch under a specific president (or governor, mayor, or other local executive), for example: the "Obama administration.” It can also mean an executive branch agency headed by an administrator: these agencies tend to have a regulatory function as well as an administrative function. On occasion, people in the United States will use the term to refer to the time a given person was president, e.g. "they have been married since the Carter administration."
The term "administration" has been used to denote the executive branch in presidential systems of government.
Usage in Europe varies by country, but most typically the term 'administration' refers to managerial functions in general, which may include local governments, or the hierarchy of national and local government, that applies to a town or district. More specifically, it may refer to public administration, the business of administering public policy as determined by government. However, outside France, this usage of the word is uncommon.
Business administration is the process of managing a business or non-profit organization, so that it remains stable and continues to grow.
The administration of a business includes the performance or management of business operations and decision making, as well as the efficient organization of people and other resources, to direct activities toward common goals and objectives.
In general, administration refers to the broader management function, including the associated finance, personnel and MIS services.
Canon law is the body of laws and regulations made by ecclesiastical authority (Church leadership), for the government of a Christian organization or church and its members. It is the internal ecclesiastical law governing the Catholic Church (both Latin Church and Eastern Catholic Churches), the Eastern and Oriental Orthodox churches, and the individual national churches within the Anglican Communion. The way that such church law is legislated, interpreted and at times adjudicated varies widely among these three bodies of churches. In all three traditions, a canon was originally a rule adopted by a church council; these canons formed the foundation of canon law.
Greek kanon / Ancient Greek: κανών,Arabic Qanun / قانون, Hebrew kaneh / קנה, "straight"; a rule, code, standard, or measure; the root meaning in all these languages is "reed" (cf. the Romance-language ancestors of the English word "cane").
The Apostolic Canons or Ecclesiastical Canons of the Same Holy Apostles is a collection of ancient ecclesiastical decrees (eighty-five in the Eastern, fifty in the Western Church) concerning the government and discipline of the Early Christian Church, incorporated with the Apostolic Constitutions which are part of the Ante-Nicene Fathers In the fourth century the First Council of Nicaea (325) calls canons the disciplinary measures of the Church: the term canon, κανὠν, means in Greek, a rule. There is a very early distinction between the rules enacted by the Church and the legislative measures taken by the State called leges, Latin for laws.
Law (band) may refer to:
Law is a surname. Notable people with the surname include: