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Meaning of reorganization

re•or•gan•i•za•tion

Pronunciation: (rē"ôr-gu-nu-zā'shun), [key]
— n.
  1. the act or process of reorganizing; state of being reorganized.
  2. a reconstruction of a business corporation, including a marked change in capital structure, often following a failure and receivership or bankruptcy trusteeship.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.
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