Based on the Random House Dictionary, © Random House, Inc. 2009.
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Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Administrator
Ad*min`is*tra"tor\, n. [L.]1. One who administers affairs; one who directs, manages, executes, or dispenses, whether in civil, judicial, political, or ecclesiastical affairs; a manager. 2. (Law) A man who manages or settles the estate of an intestate, or of a testator when there is no competent executor; one to whom the right of administration has been committed by competent authority.Cite This Source
Administrator
1. A person empowered by a court to act for another person who is deemed incapable of acting for himself/herself.
2. Under the Uniform Securities Act, an entity that enforces the rules and regulations, including registration requirements and post-registration requirements, of investment advisory professionals.
Investopedia Commentary
1. For example, an Administrator is appointed to take charge of an estate if an individual has died without leaving a will.
2. Commonly referred to as the "State Administrator".
Related Links
Policing The Securities Market: An Overview Of The SEC
Skipping-Out on Probate Costs
Three Documents You Shouldn't Do Without
Getting Started On Your Estate Plan
See also: Blue Sky Laws, Fiduciary, Investment Advisor, Real Estate, Securities & Exchange Commission - SEC, Trust, Trustee, Uniform Securities Act
Also spelled: State Administrator
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Main Entry: ad·min·i·stra·tor
Pronunciation: &d-'mi-n&-"strA-t&r
Function: noun
1 : a person appointed by a probate court to manage the distribution of the assets in the estate of a person who has died without leaving a valid will or leaving a will that does not name an executor able or willing to perform —see also ADMINISTRATRIX letters of administration at LETTER 2 —compare EXECUTOR, PERSONAL REPRESENTATIVE
administrator ad litem
: an administrator appointed to represent an estate that is a necessary party to a lawsuit
administrator cum testamento annexo
: ADMINISTRATOR WITH THE WILL ANNEXED in this entry
administrator de bo·nis non
/-dE-'bO-nis-'nän, -dA-'bO-nis-'nOn/
: an administrator appointed to administer the remaining assets in the estate when the preceding administrator or executor can or will no longer perform
administrator pen·den·te li·te
/-pen-'den-tE-'lI-tE, -pen-'den-tA-'lE-tA/
: SPECIAL ADMINISTRATOR 2 in this entry
administrator with the will annexed
: an administrator appointed to administer an estate where the will names no executor or where the named executor is incapable of performing or unwilling to perform called also administrator cum testamento annexo
ancillary administrator
: a subordinate administrator appointed to administer the assets of an estate that are located in a different jurisdiction from the one where the deceased was domiciled and where the primary administration of the estate is taking place
foreign administrator
: an administrator appointed in another state
general administrator
: an administrator appointed to administer the entire estate of a deceased person in accordance with the laws of intestacy or in accordance with the will if there is one —compare SPECIAL ADMINISTRATOR in this entry
independent administrator
: an administrator whose administration of the estate is entirely or mostly unsupervised by the probate court
public administrator
1 : a public officer who administers the estates of deceased people when there is no one else willing or entitled to perform
2 : an administrator appointed in some states for the sole purpose of being responsible for the assets in an estate pending settlement of a dispute or when there is doubt as to who should be appointed administrator
special administrator
1 : an administrator appointed to administer only a designated part of the deceased person's estate
2 : an administrator appointed for the sole purpose of being responsible for the assets in an estate usually in some emergency (as a will contest) —compare GENERAL ADMINISTRATOR in this entry
2 : a person that administers; especially often cap : the head of a government agency
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əˌstreɪ