Meaning of “IVA” in the English Dictionary

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"IVA" in Business English

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IVAnoun [ C ]

uk us LAW

abbreviation for individual voluntary agreement: an arrangement in the UK between a person or company that owes money and the people or companies they owe. An IVA allows the person or company that owes money to avoid formally going bankrupt:

The debtor must make payments to creditors as specified in the IVA.

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