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reorganization

noun
re·​or·​ga·​ni·​za·​tion | \ (ˌ)rē-ˌȯr-gə-nə-ˈzā-shən How to pronounce reorganization (audio) , -ˌȯrg-nə-\

Definition of reorganization

: the act or process of reorganizing : the state of being reorganized especially : the financial reconstruction of a business concern
Other Words from reorganization Example Sentences Learn More about reorganization

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Other Words from reorganization

reorganizational \ (ˌ)rē-​ˌȯr-​gə-​nə-​ˈzā-​shnəl How to pronounce reorganizational (audio) , -​shə-​nᵊl \ adjective

Examples of reorganization in a Sentence

Recent Examples on the Web

 Montali could be empowered by the District Court judge to estimate PG&E’s fire liabilities for the sole purpose of approving a bankruptcy reorganization plan, said UC Hastings law professor Jared Ellias. — J.d. Morris, SFChronicle.com, "PG&E bankruptcy case keeps getting more complex," 27 Aug. 2019 The reorganization plan also calls for creating an early childhood center for kindergarten and pre-kindergarten students at the current Esten Elementary School. — Johanna Seltz, BostonGlobe.com, "Rockland pushing plan for townwide elementary school," 21 Aug. 2019 Waves of experienced Foreign Service officers quit or were forced out, as Tillerson insisted on an extensive reorganization plan, instituted a hiring freeze, and accepted crippling budget cuts. — Susan B. Glasser, The New Yorker, "Mike Pompeo, the Secretary of Trump," 19 Aug. 2019 A’Gaci received bankruptcy court approval for its reorganization plan last summer. — Madison Iszler, ExpressNews.com, "San Antonio retailer files for bankruptcy again and will close all stores," 8 Aug. 2019 Steve Wasko was earning $130,000 as director of enrollment when his contract was not renewed after June 2017 as part of reorganization plan announced by then-incoming Superintendent Nikolai Vitti. — John Wisely, Detroit Free Press, "Former Detroit school official seeks $41,193 payout for unused vacation days," 21 June 2019 The Trump administration decided not to even resurface the issue in this latest reorganization effort. — Dino Grandoni, Washington Post, "The Energy 202: Trump's plan to overhaul government would give Interior and EPA more power," 22 June 2018 Federal agencies and the OMB, which is leading the reorganization effort, have kept details of their planning secret. — Anchorage Daily News, "White House to propose merging Labor and Education into one agency," 21 June 2018 Federal agencies and the OMB, which is leading the reorganization effort, have kept details of their planning secret. — chicagotribune.com, "White House to propose merging Labor and Education into one agency," 21 June 2018

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'reorganization.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of reorganization

1751, in the meaning defined above

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More Definitions for reorganization

reorganization

noun

Financial Definition of reorganization

What It Is

Reorganization may refer to the rehabilitation of a company's finances pursuant to a bankruptcy. It can also refer to any process that affects the tax structure of a corporation. In addition, reorganization may refer to a merger or acquisition or sale of a company that changes the ownership, stock, or legal and management structure.

How It Works

Reorganization is a formal court-supervised process of restructuring a company's finances after a bankruptcy. In accordance with bankruptcy laws, specifically Chapter 11, a company is given protection from creditors during the time period when the company proposes and a bankruptcy court reviews and approves a specific reorganization plan. The reorganization is intended to repay creditors to the maximum extent possible and to restructure the company's finances, management, and operations to prevent the same problem from arising again.

A company may reorganize itself, including its legal or corporate structure to take advantage of existing or new tax regulations.

A merger or acquisition of a company may result in a reorganization of the company ownership, equity structure, management, and operations to take advantage of the efficiencies of new management, new technologies, and new capital assets.

Why It Matters

Reorganization is an important step for a business since it has the potential to open up new opportunities, increase efficiencies and profits, and give legal and financial protection during difficult times.

Source: Investing Answers

reorganization

noun
re·​or·​ga·​ni·​za·​tion | \ ˌrē-ˌȯr-gə-nə-ˈzā-shən How to pronounce reorganization (audio) \

Legal Definition of reorganization

1 : the act of reorganizing : the state of being reorganized
2a : the rehabilitation of the finances of a business in accordance with a plan approved by a bankruptcy court under the provisions of chapter 11 of the Bankruptcy Code
b : any of various procedures (as recapitalization or merger) that affect the tax structure of a corporation under the Internal Revenue Code and often produce favorable tax treatment
— A reorganization \ ˈā-​ \
: a reorganization that consists of a merger or consolidation which complies with the requirements of applicable state statute
— B reorganization \ ˈbē-​ \
: a reorganization involving the acquisition by one corporation of the stock of another corporation in exchange solely for all or some of the voting stock of the acquiring corporation or its parent either of which has control of the acquired corporation immediately after the acquisition
— C reorganization \ ˈsē-​ \
: a reorganization involving the acquisition by one corporation of substantially all of the property of another corporation in exchange solely for all or part of the voting stock of the acquiring corporation or its parent regardless of any liability assumed by the acquiring corporation as a result of the acquisition
— D reorganization \ ˈdē-​ \
: a reorganization involving a transfer by a corporation of all or part of its assets to another corporation that results in control of the other corporation being immediately placed in the transferor or one or more of its shareholders or both but under which the stock or securities of the other corporation must be distributed in a qualified transaction — see also spin-off, split-off, split-up
— E reorganization \ ˈē-​ \
: a reorganization that consists of a recapitalization
— F reorganization \ ˈef-​ \
: a reorganization consisting merely of a change in the identity, form, or place of organization of a corporation
— G reorganization \ ˈjē-​ \
: a reorganization involving a transfer by a corporation of all or part of its assets to another corporation under a bankruptcy or similar proceeding provided that the stock or securities of the other corporation are distributed in a qualified transaction
3 : alteration of the existing structure of governmental units (as bureaus or legislative committees) and the lines of control and authority between them usually to promote greater efficiency and responsibility

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