Your browser does not seem to support JavaScript. As a result, your viewing experience will be diminished, and you have been placed in read-only mode.
Please download a browser that supports JavaScript, or enable it if it's disabled (i.e. NoScript).
the process of making a new legal agreement so a person, company, etc. which is in financial difficulties can pay back its debt more easily. The agreement includes new plans about how, when, and to whom money should be paid:
Share your knowledge with the community
Browse our collection of 300,000+ community-written definitions
