Interim Administration
/ˌɪntərɪm ədˌmɪnɪˈstreɪʃən/
Definitions
- (n.) A temporary management or governance arrangement appointed to administer an entity or estate until a permanent solution is established.
The court appointed an interim administration to manage the bankrupt company's affairs.
- (n.) In insolvency law, the body appointed to take control and preserve assets during the period between insolvency declaration and final administration appointment.
The interim administration secured all assets to prevent dissipation during the insolvency proceedings.
Forms
- interim administration
- interim administrations
Related terms
See also
Commentary
Often used in insolvency contexts, interim administration serves as a provisional authority before permanent administrators assume control; precise drafting should specify duration and powers to avoid ambiguity.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.