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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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Beware of fraud originating in phone messages and faxes: FDIC Consumer News has warned before about crooks who call or e-mail consumers and pretend to be legitimate companies or government agencies wanting people to "verify" or "resubmit" (divulge) confidential information such as bank account or credit card numbers as well as Social Security numbers, passwords and personal identification numbers. Here are variations to know about. More...

Some of the world's greatest feats were accomplished by people not smart enought to know they were impossible. Doug Larson

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