voluntary arrangement

noun

law a procedure enabling an insolvent company to come to an arrangement with its creditors and resolve its financial problems, often in compliance with a court order

Words Nearby voluntary arrangement

Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

How to use voluntary arrangement in a sentence

And this manifestly according to a mutual understanding and a voluntary arrangement.
The Anti-Slavery Examiner, Omnibus | American Anti-Slavery Society
This voluntary arrangement was, therefore, a bad beginning; but the accidental omens were worse.
Narrative And Miscellaneous Papers | Thomas De Quincey
And all this by mutual understanding and voluntary arrangement.
The Anti-Slavery Examiner, Omnibus | American Anti-Slavery Society

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