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English definition of “arrangement”

arrangement

noun     /əˈreɪndʒmənt/
[C, usually plural] a plan or preparation for how something will happen : make an arrangement There wasn't enough time for him to make alternative arrangements.arrangement (for sb) to do sth Some people have very complicated arrangements to avoid paying tax . funeral / travel arrangements
[C or U] COMMERCE a formal agreement between two companies , groups , or people , which provides an advantage to each: This is a mutually beneficial arrangement for both companies . distribution / marketing / purchasing / supply arrangementarrangement with sb In the company's attempts to cut costs it has ended its arrangement with its biggest supplier .
[C, usually singular] FINANCE a formal agreement that allows someone who is having difficulty paying a debt to pay it back over a longer period of time or to pay back only a part of the total amount → See also deed of arrangement, scheme of arrangement, voluntary arrangement
(Definition of arrangement noun from the Cambridge Business English Dictionary © Cambridge University Press)
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