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Administration: (1) Legal – A quasi-bankruptcy event wherein a bankrupt company with a potential for revival is put under the charge of an administrator, typically appointed by the bankruptcy court or by the creditors, with certain special powers to enable the restructuring of the entity. See also administrative receivership. (2) In context of capital market transactions, may refer to the outsourcing of the administration of a special purpose entity to entities specialised in jobs such as statutory compliances, account keeping, etc.