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administrator

noun/ədˈmɪnɪstreɪtə/

B1CEFR level
20/100Rarity: fairly common
TechnicalRegister

An insolvency practitioner appointed to manage a company in administration and act in the interests of its creditors as a whole.

The administrator continued trading the business while marketing it for sale as a going concern.

Topic: Insolvency & restructuring in Legal English

Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.

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More law words: Insolvency & restructuring