voluntary settlement
voluntary settlement
Finance dictionary of financial terms
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Economics and finance
Definition of voluntary settlement
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.
Source : http://foba.lakeheadu.ca/hartviksen/2039/Finance%20Dictionary.doc
link: http://foba.lakeheadu.ca/
Author : not indicated on the source document of the above text
Finance dictionary of financial terms
Finance dictionary of financial terms index
Definition and meaning of voluntary settlement
Meaning of voluntary settlement
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