administration

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Administration

1. The implementation and management of a policy. A company's senior officers (such as the board of directors) set the policies and its managers (and sometimes the officers themselves) are responsible for administration.

2. In an estate, the management of the assets of a decedent until they are discharged to his/her heirs.
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administration

see MANAGEMENT.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson
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