deed of arrangement
Definition
Agreement between an insolvent debtor and consenting creditors as a more advantageous alternative to the debtor's bankruptcy. It may take the form of a deed of assignment, deed of composition, deed of inspectorship, or a letter of leniency. See also scheme of arrangement.
deed of arrangement is in the Banking, Commerce & Finance and Corporate, Commercial, & General Law subjects.
deed of arrangement appears in the definitions of the following terms: scheme of arrangement, deed of composition, deed of inspectorship, arrangement, deed and letter of leniency
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