Advertising

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

<< Composition Compound annual growth rate >>

Getting Your Finances Ready for Your Golden Years: If you're seriously considering retirement, you also should be seriously thinking about how to ensure that your financial life is as comfortable and stress-free as possible. Here are a few tips. More...

Instruction does much, but encouragement does everything. Johann Wolfgang Von Goethe

Advertising



Copyright 2009-2019 GVC. All rights reserved.