Arrangement


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Arrangement

1. An agreement between a person or company and creditors whereby the person or company pays a fraction of what he/she/it owes to the creditors and, in exchange, the creditors forgive the remainder of the debt. This helps the creditors recover some of the debt and helps the person or company avoid bankruptcy.

2. See: Treaty.
References in classic literature ?
Quietly and steadily have all these arrangements made in the courtyard here, even to the taking of your own seat in the carriage.
That he had been concerned in the measures taken to separate Bingley and Jane she had never doubted; but she had always attributed to Miss Bingley the principal design and arrangement of them.
Poyser, with a good-natured blankness of imagination as to the nature of the arrangement.
This arrangement offered the advantage, that if gas had to be let off, so as to descend, that which was in the outer balloon would go first; and, were it completely emptied, the smaller one would still remain intact.
With a perfect reliance that Aramis had made arrangements fairly to distribute the vast number of guests throughout the palace, and that he had not omitted to attend to any of the internal regulations for their comfort, Fouquet devoted his entire attention to the
It is the arrangement I made with him, and to which I propose to adhere.
Inside, as a matter of necessity, the rooms were almost rebuilt--so far at least as the size and the arrangement of them were concerned.
The Fuller replied, "The arrangement is impossible as far as I am concerned, for whatever I should whiten, you would immediately blacken again with your charcoal.
In transcribing his notes and fortifying their claim to attention by giving them something of an orderly arrangement, I have conscientiously refrained from embellishing them with such small ornaments of diction as I may have felt myself able to bestow, which would not only have been impertinent, even if pleasing, but would have given me a somewhat closer relation to the work than I should care to have and to avow.
Under this arrangement, the front bedroom, on the opposite side of the passage--next to the room in which Geoffrey slept--was left empty, and was called, for the time being, the spare room.
I believe that the arrangement of the groups within each class, in due subordination and relation to the other groups, must be strictly genealogical in order to be natural; but that the amount of difference in the several branches or groups, though allied in the same degree in blood to their common progenitor, may differ greatly, being due to the different degrees of modification which they have undergone; and this is expressed by the forms being ranked under different genera, families, sections, or orders.
Nietzsche as a sociologist aims at an aristocratic arrangement of society.