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 ?
Nate Hyman and David Metzger arranged a $7,050,000 first lien mortgage for the refinance of a 24-unit multifamily portfolio in Connecticut.
Eleven rags are arranged so everyone gets a chance to play interesting licks.
The Chorale also will present the premiere performance of a new medley of Irving Berlin tunes arranged by Santa Clarita resident Jan Sanborn.
We Three Kings of Orient Are: A Meditation for Piano Solo, arranged by Mike Springer and Eric Boston.
This transaction was arranged by Judah Aderet and Adelle Ross.
This transaction was arranged by Jonathan Singer, David Metzger and Nate Hyman.
Amelang, who has arranged some jazz and funk, was invited to create for Hart's High School marching band after the former band director couldn't find just what he wanted.
Dave Kotter of Compass Capital in Phoenix arranged the loan.
This transaction was arranged by Isaac Weiss, Motti Blau and Mendy Pfeifer.
He bought her dress and arranged everything and had some of their friends fly in.
Cincinnati-based Fifth Third Real Estate Capital Markets, the mortgage-banking arm of Fifth Third Bank, arranged the loan.