operation
noun
  1. an activity or a piece of work, or the task of running something

    Examples
    • the company's operations in West Africa

    • He heads up the operations in Northern Europe.

  2. Usage
    in operation
    working or being used

"...a leading manufacturer of business, industrial and commercial products requires a branch manager to head up its mid-western Canada operations based in Winnipeg" [Globe and Mail (Toronto)]

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Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA)