scheme of arrangement

Definitions

Accounting

• noun a scheme drawn up by an individual or company to offer ways of paying debts, so as to avoid bankruptcy proceedings.

Economics

• noun an agreement between a company and its creditors whereby the creditors accept an agreed sum in settlement of their claim rather than force the company into insolvency.

Nearby Definitions of “scheme of arrangement”

• Schedule D
• Schedule E
• scheduler
• schema
• schematic design phase
• scheme of arrangement
• Schengen Agreement
• Scheurebe
• Schiaparelli, Giovanni (1835–1910)
• schlemiel
• schlong

Contexts for “scheme of arrangement”

2 definitions in context
• Accounting
• Economics