Reorganization Definition

rē-ôrgə-nĭ-zāshən
noun
A reorganizing or being reorganized.
Webster's New World
The act or process of organizing again or differently.
American Heritage
A thorough reconstruction of a business corporation, comprising a considerable change in capital structure, as effected after, or in anticipation of, a failure and receivership.
Webster's New World
verb
In bankruptcy, the restructuring of a business that permits the continuation of the business even after partial discharge of debts. In tax law, a corporate restructuring that involves merger with another corporation, or acquisition of one corporation by another. The act of organizing in a new fashion.
Webster's New World Law

Other Word Forms of Reorganization

Noun

Singular:
reorganization
Plural:
reorganizations

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Unscrambles

reorganization