arrangement


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 arrangement, which involves applying the assets and income of the debtor in proportionate payment to the creditors. For instance, a scheme of arrangement may stipulate that the creditors will receive 20 pence for every pound that is owed to them. This is sometimes also known as composition. Once a scheme of arrangement has been agreed a deed of arrangement is drawn up, which must be registered with the Department of Trade and Industry within seven days.
3) A transaction or sale arranged by an intermediary, as in the case of an estate agent selling a mortgage as an agent for a bank.

Big dictionary of business and management. 2014.

Synonyms:

Look at other dictionaries:

  • arrangement — [ arɑ̃ʒmɑ̃ ] n. m. • XIIIe; de arranger ♦ Action d arranger; son résultat. 1 ♦ Action de disposer dans un certain ordre; la disposition qui en résulte. ⇒ disposition; assemblage, constitution, organisation. Arrangement d une maison, d un mobilier …   Encyclopédie Universelle

  • 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

  • Arrangement — Ar*range ment, n. [Cf. F. arrangement.] 1. The act of arranging or putting in an orderly condition; the state of being arranged or put in order; disposition in suitable form. [1913 Webster] 2. The manner or result of arranging; system of parts… …   The Collaborative International Dictionary of English

  • arrangement — ARRANGEMENT. sub. m. Ordre, état de ce qui est arrangé. Arrangement de livres. Arrangement de vases, de porcelaines, de tableaux. Il y a du goût dans l arrangement de ces meubles. [b]f♛/b] Il se dit aussi De la disposition et de l ordre qu on… …   Dictionnaire de l'Académie Française 1798

  • arrangement — I (ordering) noun adaption, arraying, collocation, compositio, composition, conformation, conlocatio, formation, method, regularity, schematism, symmetry, systematization, uniformity II (plan) noun conception, concoction, contrivance, course of… …   Law dictionary

  • arrangement — Arrangement. s. m. v. Ordre, estat de ce qui est arrangé. Arrangement de livres. arrangement de vases, de porcelaines. Il se dit aussi de la disposition & de l ordre qu on observe dans un discours en mettant chaque terme à la place qui luy… …   Dictionnaire de l'Académie française

  • arrangement — [n1] an understanding adjustment, agreement, compact, compromise, deal, frame up*, game plan*, layout*, organization, package*, package deal*, plan, preparation, provision, schedule, settlement, setup, terms; concept 684 arrangement [n2]… …   New thesaurus

  • arrangement — (n.) 1727, from Fr. arrangement, from arranger arrange (see ARRANGE (Cf. arrange)) …   Etymology dictionary

  • Arrangement — (franz., spr. angsch māng), Anordnung, Einrichtung; Abfindung, Vergleich, gütliche Übereinkunft. Blumen A., Blumengewinde, Blumenkorb. – In der Musik heißt A. insbes. die Bearbeitung eines Tonstücks für andre Instrumente, als der Komponist es… …   Meyers Großes Konversations-Lexikon

  • Arrangement — (frz., spr. angsch máng), Einrichtung, Anordnung; gütlicher Vergleich; Bearbeitung (s. Arrangieren). Arrangementsgeschäft, in Österreich s.v.w. Zeitgeschäft, im Gegensatz zu Kassageschäft …   Kleines Konversations-Lexikon

  • arrangement — may refer to a variety of formal or informal agreements concerning the conditions under which a bankrupt company may operate; often, it refers to an extension of time in which debt can be paid off. This was the term used under the old Chapter XI… …   Glossary of Bankruptcy