Glossary entry (derived from question below)
English term or phrase:
administration
English answer:
day-to-day running/recapitalisation/disposition (of business)
Added to glossary by
Yvonne Gallagher
Jan 26, 2013 10:35
11 yrs ago
9 viewers *
English term
administration
English
Law/Patents
Law (general)
Law
1.3 The Trustees may effect any transaction relating to the ***management, administration*** or disposition of Trust Property as if they were the absolute beneficial owners.
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What is the difference between "management" and "administration" here? Thanks.
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What is the difference between "management" and "administration" here? Thanks.
Change log
Jan 27, 2013 17:54: Yvonne Gallagher Created KOG entry
Responses
3 hrs
Yvonne Gallagher
Ireland
Ireland
Native in English
&
English
Specializes in field
Ireland
right word, right place. everytime
Native in: English (Variants: US, Canadian, Irish, UK) 
Works in: French to English, Spanish to English, English, and 1 more.
Related KudoZ points
:
127
Selected
actual running or putting into practice decisions taken
management makes the decisionstion effects them or puts them into practice
http://oxforddictionaries.com/definition/english/administrat...
The process or activity of running a business, organization, etc.
The people responsible for this, regarded collectively.
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Note added at 3 hrs (2013-01-26 14:28:44 GMT)
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typo
(makes the) decisions,
or implements the decisions
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Note added at 4 hrs (2013-01-26 14:44:20 GMT)
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if this is about an insolvent company then a slightly different definition applies
http://oxforddictionaries.com/definition/english/administrat...
Law the management and disposition of the property of a deceased person, debtor, or insolvent company, by a legally appointed administrator:
the company went into administration
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Note added at 4 hrs (2013-01-26 14:45:51 GMT)
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http://www.thefreedictionary.com/administration
1. The act or process of administering, especially the management of a government or large institution.
2. The activity of a government or state in the exercise of its powers and duties.
3. often Administration
a. The executive branch of a government.
b. The group of people who manage or direct an institution, especially a school or college.
4. The term of office of an executive officer or body.
5. Law Management and disposal of a trust or estate.
6. The dispensing, applying, or tendering of something, such as an oath, a sacrament, or medicine.
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Note added at 4 hrs (2013-01-26 14:52:57 GMT)
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so adminstration in law is about managing and disposing of company assets
http://en.wikipedia.org/wiki/Administration_(insolvency)
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.
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Note added at 4 hrs (2013-01-26 14:53:29 GMT)
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sorry for delay, lost Internet for a while
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Note added at 1 day4 hrs (2013-01-27 15:14:07 GMT)
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regarding your latest question.
The Trustees=administators/executors... may effect=perform/do ...any transaction relating to the ...
management=operation and keeping the business going...,
administration = "recapitalising the business, selling the business to new owners, or demerging it into elements that can be sold and closing the remainder" from link above.
or disposition =selling off ...of Trust Property
as if=as though... they were the absolute beneficial owners=they were the actual owners going to benefit from the proceedings.
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Note added at 1 day7 hrs (2013-01-27 17:56:11 GMT) Post-grading
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glad to have helped
http://oxforddictionaries.com/definition/english/administrat...
The process or activity of running a business, organization, etc.
The people responsible for this, regarded collectively.
--------------------------------------------------
Note added at 3 hrs (2013-01-26 14:28:44 GMT)
--------------------------------------------------
typo
(makes the) decisions,
or implements the decisions
--------------------------------------------------
Note added at 4 hrs (2013-01-26 14:44:20 GMT)
--------------------------------------------------
if this is about an insolvent company then a slightly different definition applies
http://oxforddictionaries.com/definition/english/administrat...
Law the management and disposition of the property of a deceased person, debtor, or insolvent company, by a legally appointed administrator:
the company went into administration
--------------------------------------------------
Note added at 4 hrs (2013-01-26 14:45:51 GMT)
--------------------------------------------------
http://www.thefreedictionary.com/administration
1. The act or process of administering, especially the management of a government or large institution.
2. The activity of a government or state in the exercise of its powers and duties.
3. often Administration
a. The executive branch of a government.
b. The group of people who manage or direct an institution, especially a school or college.
4. The term of office of an executive officer or body.
5. Law Management and disposal of a trust or estate.
6. The dispensing, applying, or tendering of something, such as an oath, a sacrament, or medicine.
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Note added at 4 hrs (2013-01-26 14:52:57 GMT)
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so adminstration in law is about managing and disposing of company assets
http://en.wikipedia.org/wiki/Administration_(insolvency)
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.
--------------------------------------------------
Note added at 4 hrs (2013-01-26 14:53:29 GMT)
--------------------------------------------------
sorry for delay, lost Internet for a while
--------------------------------------------------
Note added at 1 day4 hrs (2013-01-27 15:14:07 GMT)
--------------------------------------------------
regarding your latest question.
The Trustees=administators/executors... may effect=perform/do ...any transaction relating to the ...
management=operation and keeping the business going...,
administration = "recapitalising the business, selling the business to new owners, or demerging it into elements that can be sold and closing the remainder" from link above.
or disposition =selling off ...of Trust Property
as if=as though... they were the absolute beneficial owners=they were the actual owners going to benefit from the proceedings.
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Note added at 1 day7 hrs (2013-01-27 17:56:11 GMT) Post-grading
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glad to have helped
4 KudoZ points awarded for this answer.
7 mins
Catharine Cellier-Smart
Reunion
Reunion
Native in English
&
English
Specializes in field
Reunion
The Smart Solution
Native in: English (Variant: British)
Works in: French to English, Creoles & Pidgins (French-based Other) to English, English
Related KudoZ points
:
16
top level
top level vs middle level for management.
Administration can be seen as taking decisions, management can be seen as managing, putting into practice the decisions made by an administration.
HTH
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Note added at 8 mins (2013-01-26 10:44:09 GMT)
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I suggest you consult this page, which has lots of useful information.
"According to Theo Haimann, “Administration means overall determination of policies, setting of major objectives, the identification of general purposes and laying down of broad programmes and projects”. It refers to the activities of higher level. It lays down basic principles of the enterprise. According to Newman, “Administration means guidance, leadership & control of the efforts of the groups towards some common goals”.
Whereas, management involves conceiving, initiating and bringing together the various elements; coordinating, actuating, integrating the diverse organizational components while sustaining the viability of the organization towards some pre-determined goals. In other words, it is an art of getting things done through & with the people in formally organized groups."
http://www.managementstudyguide.com/management_administratio...
Administration can be seen as taking decisions, management can be seen as managing, putting into practice the decisions made by an administration.
HTH
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Note added at 8 mins (2013-01-26 10:44:09 GMT)
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I suggest you consult this page, which has lots of useful information.
"According to Theo Haimann, “Administration means overall determination of policies, setting of major objectives, the identification of general purposes and laying down of broad programmes and projects”. It refers to the activities of higher level. It lays down basic principles of the enterprise. According to Newman, “Administration means guidance, leadership & control of the efforts of the groups towards some common goals”.
Whereas, management involves conceiving, initiating and bringing together the various elements; coordinating, actuating, integrating the diverse organizational components while sustaining the viability of the organization towards some pre-determined goals. In other words, it is an art of getting things done through & with the people in formally organized groups."
http://www.managementstudyguide.com/management_administratio...
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