composition


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 combination of materials
@ composition of tithes
@ real composition
@ composition of tithes, or real composition
composition of tithes, or real composition
This arises in English ecclesiastical law, when an agreement is made between the owner of lands and the incumbent of a benefice, with the consent of the ordinary and the patron, that the lands shall, for the future, be discharged from payment of tithes, by reason of some land or other real recompense given in lieu and satisfaction thereof. 2 Bl.Comm. 28
@ composition with creditors
An agreement, made upon a sufficient consideration, between an insolvent or embarrassed debtor and his creditors, whereby the latter, for the sake of immediate or sooner payment, agree to accept a payment less than the whole amount of their claims, to be distributed pro rata, in discharge and satisfaction of the whole. It constitutes an agreement not only between the debtor and his creditors but also one between the creditors themselves that each shall accept the lesser sums from the assets of the embarrassed debtor. Under the former Bankruptcy Act, if such a composition agreement expressly or secretly favored certain creditors, it was considered a preferential transfer and, as such, treated as an "act of bankruptcy."
Such arrangements are generally provided for under the federal Bankruptcy Code.
"Composition" should be distinguished from "accord." The latter properly denotes an arrangement between a debtor and a single creditor for a discharge of the obligation by a part payment or on different terms. The former designates an arrangement between a debtor and the whole body of his creditors (or at least a considerable proportion of them) for the liquidation of their claims by the dividend offered.
@

Black's law dictionary. . 1990.

Synonyms:

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  • 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

  • Composition No. 1 — Studio album by LA Symphony Released 1999/2003 …   Wikipedia

  • Composition — steht für Programme Composition Manager Computerprogramm, Porter Duff Composition Begriff aus der Computergrafik. Distributed Feature Composition (DFC) Architektur zur Beschreibung und Implementierung von Telekommunikationsdiensten Gemische… …   Deutsch Wikipedia

  • composition — 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. Merriam Webster.… …   Law dictionary

  • 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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