Scheme of arrangement

Scheme of arrangement,

Definition of Scheme of arrangement:

  1. Voluntary agreement between a solvent debtor and consenting creditors under which the debtors assets and/or income are applied proportionately in satisfaction of the debts. This arrangement is normally governed by the ordinary law of contract, and is meant to serve as a more advantageous alternative to the debtors bankruptcy. See also deed of arrangement.

Meaning of Scheme of arrangement & Scheme of arrangement Definition

Scheme Of Arrangement,

What is The Meaning of Scheme Of Arrangement?

Scheme Of Arrangement refers to In the UK, a legal agreement between the company and its shareholders and / or lenders in which the company settles any debt instead of filing for bankruptcy.

Literal Meanings of Scheme Of Arrangement

Scheme:

Meanings of Scheme:
  1. Large-scale planning or arrangement to achieve specific goals or to put specific ideas into practice.

  2. Numerous public residences.

  3. In particular, planning with the intention of doing something indirect or illegal or wrong.

Sentences of Scheme
  1. Smart marketing plan

  2. The government plans to overthrow

Synonyms of Scheme

hatch a plot, project, manoeuvre, programme, intrigue, take part in a conspiracy, stratagem, lay plans, strategy, plan of action, plot, conspire, connive, game plan, plan

Of:

Meanings of Of:
  1. Indicates an association between two organizations, usually an association.

  2. It shows the relationship between the address and the historical landmark.

  3. Express the relationship between a general type or type and the specific items that fall into this category.

Synonyms of Of

by, from, done by, caused by, made by, of, carried out by, in

Arrangement:

Meanings of Arrangement:
  1. A soundtrack suitable for presenting with the sound or sound of instruments in addition to the ones originally assigned.

Sentences of Arrangement
  1. Mozart's symphony on cellar and piano arrangements

Synonyms of Arrangement

spadework, harmonization, arrangements, disposition, groundwork, preparatory measures, necessary steps, marshalling, instrumentation, ranging, orchestration, foundation, setting, provision, scoring, adaptation, gearing up, positioning, preliminaries, reduction, planning, ordering, plans