Meaning of “deed of arrangement” in the English Dictionary

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"deed of arrangement" in Business English

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deed of arrangementnoun [ C ]

uk us plural deeds of arrangement

LAW in the UK, a written legal agreement made between a person or organization that owes money and the people or organizations that they owe money to. The agreement states how the debts are to be paid:

Entering into a deed of arrangement is a way of avoiding bankruptcy.

(Definition of “deed of arrangement” from the Cambridge Business English Dictionary © Cambridge University Press)