composition agreement with creditors

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• composition agreement — See composition with creditors …   Ballentine's law dictionary

• Composition with creditors — A Composition with Creditors is an agreement among several creditors of a debtor, usually a business. Usually, the agreement involves paying a lessened amount over a period of time. See also Company Voluntary Arrangement Individual Voluntary… …   Wikipedia

• composition with creditors — An agreement between an insolvent or embarrassed debtor and two or more of his creditors whereby the creditors, for some consideration, such as an immediate payment, agree to the discharge of their respective claims on the receipt of payment… …   Ballentine's law dictionary

• arrangement with creditors — A plan of a debtor for the settlement, satisfaction, or extension of the time of payment of his debts. Chapter 11 of the federal Bankruptcy Code provides for a device whereby, under the protection and supervision of the court, a financially… …   Black's law dictionary

• arrangement with creditors — A plan of a debtor for the settlement, satisfaction, or extension of the time of payment of his debts. Chapter 11 of the federal Bankruptcy Code provides for a device whereby, under the protection and supervision of the court, a financially… …   Black's law dictionary

• composition — @ composition deed An agreement embodying the terms of a composition between a debtor and his creditors @ composition of matter In patent law, a substance composed of two or more different substances, without regard to form. A mixture or chemical …   Black's law dictionary

• composition — @ composition deed An agreement embodying the terms of a composition between a debtor and his creditors @ composition of matter In patent law, a substance composed of two or more different substances, without regard to form. A mixture or chemical …   Black's law dictionary

• composition — com·po·si·tion n: an agreement between an insolvent debtor and several creditors whereby partial payment of the debts discharges in full the original obligations compare accord, compromise Merriam Webster’s Dictionary of Law. Merriam Webster.… …   Law dictionary

• Composition — Voluntary arrangement to restructure a firm s debt, under which payment is reduced. The New York Times Financial Glossary * * * composition com‧po‧si‧tion [ˌkɒmpəˈzɪʆn ǁ ˌkɑːm ] noun [countable usually singular] LAW an arrangement between a… …   Financial and business terms

• composition — Voluntary arrangement to restructure ( restructuring) a firm s debt, under which payment is reduced. Bloomberg Financial Dictionary * * * composition com‧po‧si‧tion [ˌkɒmpəˈzɪʆn ǁ ˌkɑːm ] noun [countable usually singular] LAW an arrangement… …   Financial and business terms

• Composition — Com po*si tion, n. [F. composition, fr. L. compositio. See {Composite}.] 1. The act or art of composing, or forming a whole or integral, by placing together and uniting different things, parts, or ingredients. In specific uses: (a) The invention… …   The Collaborative International Dictionary of English