Insolvent vs Administration - What's the difference?
insolvent | administration |
Unable to pay one's bills as they fall due.
Owing more than one has in assets.
Not sufficient to pay all the debts of the owner.
(uncountable) The act of administering; government of public affairs; the service rendered, or duties assumed, in conducting affairs; the conducting of any office or employment; direction.
(countable) A body that administers; the executive part of government; the persons collectively who are entrusted with the execution of laws and the superintendence of public affairs; the chief magistrate and his cabinet or council; or the council, or ministry, alone, as in Great Britain.
(uncountable) The act of administering, or tendering something to another; dispensation.
(uncountable, business) Management.
(uncountable, legal, UK) An arrangement whereby an insolvent company can continue trading under supervision.
As nouns the difference between insolvent and administration
is that insolvent is (legal) one who is insolvent; an insolvent debtor while administration is (uncountable) the act of administering; government of public affairs; the service rendered, or duties assumed, in conducting affairs; the conducting of any office or employment; direction.As a adjective insolvent
is unable to pay one's bills as they fall due.insolvent
English
Adjective
(en adjective)- an insolvent debtor
- an insolvent estate
Synonyms
* See alsoAntonyms
* solventDerived terms
* insolvencyUsage notes
* In England, before 1861, especially applied to persons who were not traders. ----administration
English
(wikipedia administration)Noun
(en-noun)- Successive US administrations have had similar Middle East policies.
- ''the administration of a medicine, of an oath, of justice, or of the sacrament.
- The company went into voluntary administration last week.
