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 ?
David Fryer was responsible for arranging a $3,850,000 loan for permanent financing of a 69,148 s/f office/warehouse building located in Runnemede, New Jersey.
The first loan Wilcox and Raymond were responsible for arranging was a loan for $30,225,000 for four industrial buildings which are part of Q101 G.S Wilcox's portfolio.
Michaels is arranging approximately $250 million of joint venture equity and debt financing for the ground-up development of a fully approved 40-story condominium project located in the Tribeca section of Downtown Manhattan;
Bassuk indicated that SBO is in the process of arranging construction financing for the project.
* $80 Million South Beach Construction Loan--South Beach Condominium Conversion Villa Luisa--Carlton's Romano Tio and Marc Sznajderman are in the process of arranging over $80 million of senior and mezzanine financing in connection with the conversion of The Villa Luisa located in South Beach.
Carlton's Thomas McCarthy is arranging the loan on behalf of a major developer for the ground-up development of two contiguous luxury condominiums in Brickell Village, Miami.
* $200 Million of Preferred Equity Financing--Premier Manhattan Office Building--Carlton, as exclusive advisor to a developer, is in the process of arranging preferred equity financing for a premier 2-million-square-foot office building situated in a prime area of Manhattan.