Liquidation vs Administration - What's the difference?
liquidation | administration |
The act of exchange of an asset of lesser liquidity with a more liquid one, such as cash.
The selling of the assets of a business as part of the process of dissolving the business.
(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 liquidation and administration
is that liquidation is the act of exchange of an asset of lesser liquidity with a more liquid one, such as cash while administration is administration.liquidation
English
Noun
(en noun) (wikipedia liquidation)- The store is having a liquidation sale, everything must go as they go out of business.
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.
