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Composition arrangement

• Is an agreement with creditors to avoid bankruptcy that involves a pro rata cash settlement of creditor claims by the debtor firm; a uniform percentage of each dollar owed is paid to each creditor.

 
 Embedded terms in definition
 Bankruptcy
Cash settlement
Cash
Creditor
Firm
Settlement
 
 Related Terms
 Composition
Cost company arrangement
Sale leaseback arrangement
Standby arrangement
Target zone arrangement

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If you have an important point to make, don't try to be subtle or clever. Use a pile driver. Hit the point once. Then come back and hit it again. Then hit it a third time - a tremendous whack. - Winston Churchill, Sir (1874-1965)

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