Banking & Finance Glossary—A
Banking & Finance Glossary—A

The following Banking & Finance guidance note provides comprehensive and up to date legal information covering:

  • Banking & Finance Glossary—A
  • ACT
  • Administration
  • Appropriation
  • Asset-backed security

ACT

Association of Corporate Treasurers.

ACT website

Administration

Administration is a procedure under the Insolvency Act 1986 under which a company in financial difficulties is run by an administrator as a going concern prior to the implementation of longer term options such as break-up and sale.