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 ?
David Fryer was responsible for arranging a $3,850,000 loan for permanent financing of a 69,148 s/f office/warehouse building located in Runnemede, New Jersey.
The first loan Wilcox and Raymond were responsible for arranging was a loan for $30,225,000 for four industrial buildings which are part of Q101 G.
Melody & Company's New York City office, continues the year on a hot streak arranging a total of $54+ million in financings for five transactions involving office and retail properties nationwide, including four Tenant-In-Common (TIC) transactions.
Carlton possesses extraordinary overseas and domestic debt and equity capital relationships and is often capable of arranging 90% to 95% of the capital required for condo projects.