| 单词 | reorganization |
| 释义 | reorganization reorganization1. In the US, the process of restructuring a company that is in financial difficulties. Protection against creditors can be sought under chapter 11 of the Bankruptcy Reform Act 1978 while such a reorganization back to profitability is being undertaken. If creditors cannot agree on a plan, the company’s assets are liquidated and the proceeds distributed by the Bankruptcy Court. repackaged security A new issue that uses an existing security as its backing. |
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