reorganization Hear it!

reorganization definition - legal

n

In bankruptcy, the restructuring of a business that permits the continuation of the business even after partial discharge of debts.

n

In tax law, a corporate restructuring that involves merger with another corporation, or acquisition of one corporation by another. 

v

The act of organizing in a new fashion. 

Webster's New World Law Dictionary Copyright © 2006 by Wiley Publishing, Inc., Hoboken, New Jersey.
Used by arrangement with John Wiley & Sons, Inc.

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