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 ?
Under this new financial arrangement, Yuan credits to Pakistan would dramatically increase and would give cushion to its liquidity.
This financial arrangement is combined with the additional financial arrangement of EUR1.
028 billion package which the two sides agreed as transitional financial arrangement (TFA).
The deal involved an innovative financial arrangement that allowed Sainsbury's to avoid the big, upfront investment that characterizes most IT deals.
That makes them the most likely people to identify--and question--a financial arrangement that appears to influence a CPA's judgment.
In order to match such a financial arrangement, officers eligible for the plan would need to secure a retirement position that pays 100 percent of their final salary in order for the position to be as economically attractive.
This financial arrangement follows the decision by the federal government, represented by the Lower Saxony authorities, to award the contract for the A7 project to a consortium led by VINCI Concessions and also comprising Meridiam Infrastructure, in February 2017.
A six-month Texas Tribune/Austin American-Statesman investigation reveals a chummy and unusual financial arrangement between Texas Mutual Insurance and the Travis County district attorney's office.
Their decree absolute will come through once they agree custody of their two-month-old daughter Mia and come to a financial arrangement.
The financial arrangement comes after the the federal government, represented by the Lower Saxony authorities, decided in February to offer the project to a group led by Vinci Concessions and also including Meridiam Infrastructure.
It was the final obstacle to clear before announcing the hiring, because Floyd also worked out a financial arrangement with the Hornets, who owed him $1.
However, a financial arrangement that purportedly requires repayment may actually serve to compensate the recipient in advance for services, goods or both.

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