scheme of arrangement Meaning in the Cambridge English Dictionary
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Meaning of “scheme of arrangement” in the English Dictionary

"scheme of arrangement" in Business English

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scheme of arrangementnoun [C]

uk   us   (also scheme of reconstruction) LAW, FINANCE
an ​agreement between a ​company and its ​shareholders or creditors for it to ​change its ​financialstructure, for ​example when it is being ​bought by another ​company: A ​shareholdermeeting to ​vote on a ​scheme of ​arrangement to ​conclude the ​takeover was likely to be ​held in November.
(Definition of scheme of arrangement from the Cambridge Business English Dictionary © Cambridge University Press)
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