com·po·si·tion n: an agreement between an insolvent debtor and several creditors whereby partial payment of the debts discharges in full the original obligations compare accord, compromise

Merriam-Webster’s Dictionary of Law. . 1996.

I (agreement in bankruptcy) noun agreement, arrangement, clearance, compact, compromise agreement, contract, discharge, liquidation, mutual agreement, mutual concession, payment in lieu, reciprocal concession, release, settlement, settlement by mutual agreement, settlement on account associated concepts: composition agreement, composition in bankruptcy, contract of composition, reorganization II (makeup) noun arrangement, array, combination, compilation, compositio, compounding, comprisal, concoction, conformation, constitution, construction, contents, creation, design, efformation, embodiment, establishment, fabrication, formation, formulation, inclusion, manufacture, nature, organization, preparation, production, structure, synthesis, union III index adjustment, arrangement (ordering), array (order), building (business of assembling), combination, compromise, configuration (form), conspiracy, content (structure), coverage (scope), creation, formation, invention, language, manufacture, melange, motif, order (arrangement), organization (structure), origination, performance (workmanship), phraseology, solution (substance), temperament

Burton's Legal Thesaurus. . 2006

a sum paid and accepted by creditors to ward off bankruptcy.

Collins dictionary of law. . 2001.

An agreement between a debtor and his creditors whereby the compounding creditors agree with the debtor between themselves to accept from the debtor payment of less than the amounts due to them in full satisfaction of their claim.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.


Look at other dictionaries:

  • composition — [ kɔ̃pozisjɔ̃ ] n. f. • XIIe au sens I; de composer I ♦ Action de composer. 1 ♦ (1365) Action, manière de former un tout en assemblant plusieurs parties, plusieurs éléments. ⇒ agencement, arrangement, assemblage, combinaison, constitution,… …   Encyclopédie Universelle

  • composition — COMPOSITION. s. fém. Action de composer quelque chose. Être occupé à la composition d une machine, d unouvrage. f♛/b] Il se prend aussi pour l Ouvrage même qui résulte de cette action de composer, pour l assemblage de plusieurs parties qui ne… …   Dictionnaire de l'Académie Française 1798

  • composition — Composition. s. f. v. Assemblage de plusieurs parties. La composition de l Univers. la composition d une machine. les ressorts qui entrent dans la composition d une machine, toutes les parties qui entrent dans la composition du corps humain.… …   Dictionnaire de l'Académie française

  • Composition — Com po*si tion, n. [F. composition, fr. L. compositio. See {Composite}.] 1. The act or art of composing, or forming a whole or integral, by placing together and uniting different things, parts, or ingredients. In specific uses: (a) The invention… …   The Collaborative International Dictionary of English

  • Composition — may refer to: Composition (logical fallacy), in which one assumes that a whole has a property solely because its various parts have that property Compounding is also known as composition in linguistic literature in computer science Object… …   Wikipedia

  • composition — @ composition deed An agreement embodying the terms of a composition between a debtor and his creditors @ composition of matter In patent law, a substance composed of two or more different substances, without regard to form. A mixture or chemical …   Black's law dictionary

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  • Composition B — Composition B, colloquially comp B , is an explosive consisting of castable mixtures of RDX and TNT. It is used as the main explosive filling in artillery projectiles, rockets, land mines, hand grenades, sticky bombs and various other… …   Wikipedia

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