Administrative Expense

Administrative Expense

An expense that a company is required to spend but that is difficult to associate with a specific item. Examples of costs grouped under administrative expenses include utilities, office supplies, and postage costs.
References in periodicals archive ?
Because executors are required to estimate the total administrative expense to be incurred by the estate when the estate tax return is filed, it seems incongruous to say executors cannot allocate those same expenses between corpus and income.
The divestiture of PEG will also enable Magnetek to reduce selling, general and administrative expense (SG&A) and interest expense substantially, resulting in positive operating profit and cash flow.
E[acute accent]Selling, General and Administrative - Selling, general and administrative expense increased to $9.
During the same period in 2005 total marketing and administrative expense were $1,821,629 or 45.
The creditor successfully argued that it could setoff its allowed administrative expense claim, for goods it had provided on credit terms to the debtor after the bankruptcy filing, to reduce any potential preference liability on a dollar-for-dollar basis.
A court held that interest an estate pays on a charitable bequest is deductible as an administrative expense for estate tax purposes.
The question was whether or not the upkeep and maintenance expenses could be claimed as an administrative expense.
that assert certain types of administrative expense arising under
After payment of an administrative expense equal to 3% of gross receipts, the city is required by state statute to make the installment payment for the COPs from the convention center fund prior to committing moneys for other purposes permitted by the statute.
Recent issues of Business Credit have focused on a creditor's right not only to reclaim goods sold to the debtor within 45 days of the bankruptcy filing, but also a creditor's right to an administrative expense claim for the goods it sells to the debtor within the 20 days prior to the petition date under Section 503(b)(9) of the Bankruptcy Code.
Concerned about the increasing proportion of the Pension Benefit Guaranty Corporation's (PBGC) operational and administrative budget that is outside the annual administrative expense limitation, the Ranking Minority Member of the Senate Special Committee on Aging asked GAO to review PBGC's (1) application of the limitations set forth in its appropriations in developing its budget estimates and (2) methodology for allocating and reporting its operational and administrative expenses falling under the statutory limitation.
The administrative expense ratio has also increased over the past five years, following the overall trend and contributing to compression of this segment's underwriting margin.

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