Arrangement

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Related to arranged: Arranged marriages

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 ?
Matthew Albano, managing director of GCP, arranged the financing for this transaction.
There is an infamous video that has been circulating around social media for ages now, from the Netflix show 'Dating Around', which is a commentary on the culture of arranged marriages.
* It arranged the sale of a 132,538 square-foot, two-building office portfolio in Independence, Ohio for $12.3 million.
Eleven rags are arranged so everyone gets a chance to play interesting licks.
This transaction was arranged by David Metzger, Moshe Feiner and Bernie Fried.
We Three Kings of Orient Are: A Meditation for Piano Solo, arranged by Mike Springer and Eric Boston.
* A $750,000 refinance was arranged for a 10-unit, multifamily property located on West 85th Street in the Upper West Side neighborhood of Manhattan.
This transaction was arranged by Judah Aderet and Moshe Feiner.
This transaction was arranged by David Steinberg and Isaac Weiss.
This transaction was arranged by Marc Tropp and David Merkin.
This transaction was arranged by Nachum Soroka and Phil Krispin.
This transaction was arranged by Phil Krispin and Nachum Soroka.