There are multiple definitions - click on the translation that matches your context.

akkordavtale

substantiv

full

deed of arrangement

noun

Definitions of deed of arrangement

a legal document that states that a creditor accepts an agreed sum of money or assets from a debtor to settle a claim so that the debtor does not have to file for bankruptcy

... the Lessee becomes bankrupt or assigns his estate or enters into a deed of arrangement for the benefit of creditors ...