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 periodicals archive ?
211) and Owens claims that Lewis's "Versailles" may be the most complex and challenging head arrangement in the history of jazz" (p.
Inasmuch as these provisions can be expected to cost the company an additional $4 million or 8% of its current market capitalization, it is impossible to believe that ESG's Directors exercised due care in their approval of the Head arrangement.
With Coupling Head Arrangement Qty: 2 No 2)Coupling Head For Item 001 Suit To Insert Cnmg16 Qty: 2 No 3)Screw For Item - 002 Qty: 50 No 4)Coupling Head For Item 001 Suit To Insert Dnmg15 Qty: 2 No 5)Screw For Item-004 Qty: 50 No 6)Anti Vibrational Boring Bar Dia 50 X 550 (+ - 10 Mm) Lg.