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TeachMeFinance.com Administrator -- Individual or bank designated by a court to implement judicial pronouncements touching upon the estate of a deceased person until the property is completely shared out among all claimants. The appointment of an administrator takes place when a property owner dies intestate or has not specified an executor or when the nominated executor fails to discharge functions. An administratix is a female executor.
An administrator in the broad sense is someone who puts into practice the policies of an entity.
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Copyright © 2007 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer. |