(agreement in bankruptcy) noun
agreement, arrangement, clearance, compact, compromise agreement, contract, discharge, liquidation, mutual agreement, mutual concession, payment in lieu, reciprocal concession, release, settlement, settlement by mutual agreement, settlement on account
associated concepts: composition agreement, composition in bankruptcy, contract of composition, reorganization
arrangement, array, combination, compilation, compositio, compounding, comprisal, concoction, conformation, constitution, construction, contents, creation, design, efformation, embodiment, establishment, fabrication, formation, formulation, inclusion, manufacture, nature, organization, preparation, production, structure, synthesis, union
adjustment, arrangement (ordering), array (order), building (business of assembling), combination, compromise, configuration (form), conspiracy, content (structure), coverage (scope), creation, formation, invention, language, manufacture, melange, motif, order (arrangement), organization (structure), origination, performance (workmanship), phraseology, solution (substance), temperament
Burton's Legal Thesaurus. William C. Burton. 2006
a sum paid and accepted by creditors to ward off bankruptcy.
Collins dictionary of law. W. J. Stewart. 2001.
An agreement between a debtor and his creditors whereby the compounding creditors agree with the debtor between themselves to accept from the debtor payment of less than the amounts due to them in full satisfaction of their claim.
Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010.