Dictionary.com
Thesaurus.com

voluntary arrangement

British  

noun

  1. 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

"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

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

See Examples For:

"The resettlement team ensured everyone understood this was a voluntary arrangement and that rooms were available should they decide to stay."

From BBC ● May 29, 2022

It hired auditors to prepare for the company voluntary arrangement earlier in 2020.

From BBC ● Nov. 29, 2020

Ted Richardson, the long-serving chairman, entered an individual voluntary arrangement in July and is awaiting the ruling of a Rugby Football League tribunal which could force him to step down from the board.

From The Guardian ● Sep. 22, 2010

It happened less than a week before the club's administrator heads to the high court today to defend his company voluntary arrangement for creditors against the taxman's challenge.

From The Guardian ● Aug. 2, 2010

Some were for abolition of the seigneurs' rights: some were for voluntary arrangement with the aid of law.

From The Winning of Popular Government A Chronicle of the Union of 1841 by Archibald MacMechan

Random Word

Spin the wheel and learn a new word!

Get a word

Vocabulary.com logo
by dictionary.com

Look it up. Learn it forever.

Remember new words for good with VocabTrainer. Expand your vocabulary effortlessly with personalized learning tools that adapt to your goals.

Take me to Vocabulary.com