reorganization

noun

re·​or·​ga·​ni·​za·​tion (ˌ)rē-ˌȯr-gə-nə-ˈzā-shən 

-ˌȯrg-nə-

: the act or process of reorganizing : the state of being reorganized

especially : the financial reconstruction of a business concern

reorganizational

(ˌ)rē-ˌȯr-gə-nə-ˈzā-shnəl 

-shə-nᵊl

adjective

Examples of reorganization in a Sentence

Recent Examples on the Web

While about 15 staffers are being let go, the reorganization does not represent a reduction in force — Lin will replace the departing executives in the coming weeks as part of his new vision for his group, which will now be split up by genre. —Katcy Stephan, Variety, 8 Apr. 2024

The public comments featured over 25 speakers, 11 of whom were judges, opposing the reorganization. —Noah Alcala Bach, Fort Worth Star-Telegram, 2 Apr. 2024

As part of the settlement, Sinclair will pay Diamond $495 million and provide ongoing services to support Diamond’s reorganization. —Joe Reedy, Twin Cities, 17 Jan. 2024

The goal of the reorganization is to streamline the brands for advertisers and to put a further emphasis on the Audacy brand. —Caitlin Huston, The Hollywood Reporter, 21 Mar. 2024

As the vast reorganization of Universal Music Group’s labels continues, as expected, the company’s East Coast operations are uniting via the Republic Corps umbrella. —Jem Aswad, Variety, 12 Mar. 2024

By the end of the book, Louis has achieved a deeper understanding of himself, entirely facilitated by his narrative reorganization of his past. —Tope Folarin, The Atlantic, 29 Feb. 2024

In addition, many family offices are eyeing Italy for family business reorganizations; under specific requirements, children can receive their parent's business completely tax-free. —Francois Botha, Forbes, 25 Feb. 2024

Sinclair will pay Diamond Sports $495 million and provide ongoing use of its equipment and service to support Diamond Sports' reorganization. —USA TODAY, 18 Jan. 2024

Word History

First Known Use

1751, in the meaning defined above

Kids Definition

reorganization

noun

re·​or·​ga·​ni·​za·​tion (ˌ)rē-ˌȯrg-(ə-)nə-ˈzā-shən 

: the act of reorganizing : the state of being reorganized

especially : the changing of the financial structure of a business

Legal Definition

reorganization

noun

re·​or·​ga·​ni·​za·​tion ˌrē-ˌȯr-gə-nə-ˈzā-shən 

1

: the act of reorganizing : the state of being reorganized

2

a

: 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