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 ?
Musical arranger Stefan Dumbleton said: "A lot of people said the band improves year after year and they really enjoy coming to watch us.
But when I attended Houston Ballet's premiere of its evening-length Peter Pan, acclaimed conductor and musical arranger Niel DePonte explained to me how he and choreographer Trey McIntyre had worked together to assemble music that evoked the mood and movement of the well-known story.
The former management team of Mary McDonagh - currently in the US with a dance team - musical arranger Padraig Meehan and PR Avryl Dooher are now battling to get back early video film of IOU taken by the boys' school friend Ciaran Carthy.
Van Morrison - Musical Arranger / Director Playing Guitar, Saxophone, the Lion and Vocals
Faye is given a run for her money in the comedy stakes by Stephane Anelli, who plays the musical arranger Cosmo Brown, while Amy Ellen Richardson, as Don's love interest and Lina's nemesis Kathy
Barry Manilow Career: In 1971, Barry met Bette Midler and became her pianist and musical arranger.
On his 32nd birthday he gave up the mill to become a professional conductor and musical arranger and was in great demand all over the country.