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Từ vựng:

Individual Voluntary Arrangement

Giải nghĩa:

/ɪndɪˈvɪdʒʊəl vɒləntəri əˈreɪndʒmənt/ – Phrase


Definition: Thỏa thuận tình nguyện cá nhân.

A more thorough explanation: an agreement made between a debtor and a creditor for the debtor to pay off all or some of his or her debts

Example: The bank agreed to our request to be put on a temporary interest-only payment, after which we entered into an IVA (an individual voluntary arrangement).

 

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