MLchartDataset catalogue

Administrative expenses

Term · Law · MLC-T-LAW-000377

Costs incurred in the general management and operation of a business or an estate, rather than directly related to production or sales. In bankruptcy proceedings, these are costs of preserving the estate and administering the case, such as attorney fees and trustee compensation. They are typically given priority in payment over other unsecured claims.

Table 1. Record
IdentifierMLC-T-LAW-000377
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-000377",
  "term": "Administrative expenses",
  "field": "Law",
  "definition": "Costs incurred in the general management and operation of a business or an estate, rather than directly related to production or sales. In bankruptcy proceedings, these are costs of preserving the estate and administering the case, such as attorney fees and trustee compensation. They are typically given priority in payment over other unsecured claims.",
  "url": "https://mlchart.com/terminology/law/administrative-expenses/"
}

Record 141 of 5,445 in Law terminology (MLC-0107). Request the full dataset.