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 ?
John Taylor was responsible for arranging two loans totaling $21,675,000.
The company will focus on arranging capital for the repositioning and creative re-use of existing properties, often through highly structured transactions.
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.
Learning Tree University: This accredited school offers classes in several types of flower arranging throughout the year.
On June 15, 2006, the administrative law judge issued a proposed decision upholding the DMHC's jurisdiction, finding that the company was arranging for health care services.
Carlton specializes in arranging equity recapitalizations and joint venture transactions and has arranged similar deals for the GM Building, the Bank of America Center in San Francisco, the Sears Tower in Chicago and 1111 Pennsylvania Avenue in Washington DC, among numerous others.
Arranging a song involves building around a core melody.
We have been successful in arranging loans throughout San Diego County and this loan is an example of our ability to offer a diverse array of real estate financing options to our clients," added Hutchison.
Renowned for arranging maximum proceeds for qualified projects, Carlton is often able to obtain capital well north of 90% of a project's capitalization.
Sandals in Montego Bay prides itself on arranging romantic settings for wedding ceremonies, said spokeswoman Pamela Jaccarino.
Kaplan was brought into the transaction by the local Pru Express correspondent, JB Howell, to lead the process of arranging the construction and mezzanine debt for the project.
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.