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Voluntary settlement

• An arrangement between a technically insolvent or bankrupt firm and its creditors enabling it to bypass many of the costs involved in legal bankruptcy proceedings.

 
 Embedded terms in definition
 Bankruptcy
Firm
Insolvent
Its
Legal bankruptcy
 
 Related Terms
 Cash settlement
Cash settlement contracts
Good delivery and settlement procedures
Immediate settlement
Regular way settlement
Settlement
Settlement date
Settlement for real estate
Settlement price
Settlement rate
Settlement risk
Skip day settlement
Structured settlement
Voluntary reorganization

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All the adversity I've had in my life, all my troubles and obstacles, have strengthened me. . . . You may not realize it when it happens, but a kick in the teeth may be the best thing in the world for you. - Walt(er) Elias Disney

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