# Arrangement (settlement)

- Canonical URL: https://www.gerhardmerk.de/arrangement-settlement
- Post ID: 590624
- Modified: 2023-07-25T20:48:38+00:00
- Language: en

## Definition

An agreement between the bank and an indebted customer on how to proceed with the (partial) repayment of his or her debts and the closing of an account; a contractually agreed and in some cases - such as in the case of corporate customers threatened with insolvency - also notarially attested debt redemption agreement. - An agreement between the creditors of a highly indebted company - sometimes also said in relation to a state - with the aim of easing the debt burden under certain conditions (voluntary arrangement to restructure the debt of a company, under which payment is reduced). - See postponement deadline, bankruptcy, collection, financial distress, insolvency, credit, non-performing, credit loss, liquidity crisis plan. London procedure. Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec. Professor Dr. Eckehard Krah, Dipl.rer.pol. E-mail address: info@ekrah.com https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk https://www.jung-stilling-gesellschaft.de/merk/ https://www.gerhardmerk.de/

## Machine-readable

- Generator: Merk Knowledge 1.1.1