Composition in bankruptcy

Dictionary: 
Ballentine's Law Dictionary

An agreement whereby the bankrupt’s creditors agree to accept a certain percentage of their claims in full settlement. See 44 Conn. 587, 17 Fed. Cas. (U. S.) 131.

Author: 
James A. Ballentine
Publisher: 
The Bobbs-Merrill Company
Year Published: 
1916
Genre: 
Law Dictionary