scheme of arrangement
noun [C] (also scheme of reconstruction) LAW, FINANCEDefinition
› an agreement between a company and its shareholders or creditors for it to change its financial structure, for example when it is being bought by another company: A shareholder meeting to vote on a scheme of arrangement to conclude the takeover was likely to be held in November.
(Definition of scheme of arrangement noun from the Cambridge Business English Dictionary
© Cambridge University Press)
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schedule verb
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