- Composition of creditors
A Composiition of Creditors is an agreement among several
creditors of adebtor , usually a business. Usually, the agreement involves paying a lessened amount over a period of time.
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Composition of creditors
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composition with creditors — A contract made by an insolvent or financially pressed debtor with two or more creditors in which the creditors agree to accept one specific partial payment of the total amount of their claims, which is to be divided pro rata among them in full… … 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
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 — compositional, adj. compositionally, adv. compositive /keuhm poz i tiv/, adj. compositively, adv. /kom peuh zish euhn/, n. 1. the act of combining parts or elements to form a whole. 2. the resulting state or product. 3. man … Universalium
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 [ˌkɒmpəˈzɪʆn 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 [ˌkɒmpəˈzɪʆn ǁ ˌkɑːm ] noun [countable usually singular] LAW an arrangement… … Financial and business terms
composition agreement — See composition with creditors … Ballentine's law dictionary
composition in bankruptcy — See composition with creditors … Ballentine's law dictionary
