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.
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.
This transaction was arranged by Isaac Weiss, Motti Blau and Mendy Pfeifer.