scheme of arrangement
noun[C]
LAW,FINANCEukus(alsoscheme of reconstruction)anagreementbetween acompanyanditsshareholdersorcreditorsfor it tochangeitsfinancialstructure, forexamplewhen it is beingboughtby anothercompany:
Ashareholdermeetingtovoteon aschemeofarrangementtoconcludethetakeoverwaslikelyto beheldinNovember.