deed of arrangement
- deed of arrangement ˌdeed of arˈrangement noun deeds of arrangement PLURALFORM [countable] LAW FINANCEin Britain, a formal agreement arranged by a court for the assets of a person or company that owes money to be sold and the money divided between the people who are owed money
* * *deed of arrangement UK US noun [C] (plural deeds of arrangement)► LAW in the UK, a written legal agreement made between a person or organization that owes money and the people or organizations that they owe money to. The agreement states how the debts are to be paid: »
Entering into a deed of arrangement is a way of avoiding bankruptcy.
Financial and business terms. 2012.
Look at other dictionaries:
deed of arrangement — A formal arrangement made by an individual (not a company) with his creditors in place of bankruptcy. This arrangement has largely been replaced by individual voluntary arrangements. Practical Law Dictionary. Glossary of UK, US and international… … Law dictionary
deed of arrangement — A document drawn up and registered with the Department of Trade and Industry within seven days of a scheme of arrangement being agreed … Accounting dictionary
deed of arrangement — See arrangement … Big dictionary of business and management
deed of arrangement — English law : arrangement 6b(2) … Useful english dictionary
deed of arrangement — An assignment for the benefit of creditors … Ballentine's law dictionary
arrangement — UK US /əˈreɪndʒmənt/ noun ► [C, usually plural] a plan or preparation for how something will happen: make an arrangement »There wasn t enough time for him to make alternative arrangements. arrangement (for sb) to do sth »Some people have very… … Financial and business terms
deed of inspectorship — UK US noun [C] (plural deeds of inspectorship) ► LAW a legal agreement in which a business and its creditors (= people it owes money to) choose another person or company to manage the business, so that the money owed can be paid back. This is a… … Financial and business terms
deed of composition — UK US noun [C] (plural deeds of composition) ► LAW a legal agreement by which the people who are owed money agree to accept a part of the sum that they are owed. This is a type of deed of arrangement … Financial and business terms
Deed — For the British cargo ship, see SS Deed. Property law … Wikipedia
arrangement — 1) A method of enabling a debtor to enter into an agreement with any creditors (either privately or through the courts) to discharge his or her debts by partial payment, as an alternative to bankruptcy. This is generally achieved by a scheme of… … Big dictionary of business and management