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 ?
Before the decade was out, Tjader listed music arrangers.
Film and television composer Dennis McCarthy, currently one of two primary composers on ``Star Trek: Deep Space Nine'' and ``Star Trek: Voyager,'' will be the guest speaker at a luncheon of the American Society of Music Arrangers and Composers, with cocktails at 11:30 a.
To cope with the loss, the company's staff of professional music arrangers created a new melancholy version of the University of Wisconsin fight song, "On

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