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 ?
Frank Racette, the tribute show's music arranger and director, says that among Porter's vast body of work, at least 50 songs (including "I Get a Kick Out of You," "I've Got You Under My Skin," "Night and Day," "In the Still of the Night," "You're the Top" and "Anything Goes") have become standards.
Lipok was also programme co-ordinator and music arranger for a festival organised by the Indian government's Ministry of Culture and Tourism and has served as a member of an Indian government council for cultural relations, representing choral music and working under the External Affairs Ministry.
Cole, who even smoked three cigarettes before any recording session, believing the smoke kept his voice low, recorded Love Is The Thing in 1956with popular music arranger Gordon Jenkins.
AMMAN (Star)-- AMMAN (Star)--Famous Lebanese singer Julia Boutros announced on Wednesday the launching of a new single entitled "Ahibaii" (My Loved Ones), in collaboration with her brother composer Ziad Boutros, music arranger Michel Fadel and renowned poet Ghassan Matar.
I worked with my music arranger, Glen Kelly, and opened up the music.

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