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

The plan was filed on the final day the diocese had the exclusive right to file a plan of reorganization with the bankruptcy court, the diocese said. —Jakob Rodgers, The Mercury News, 10 Nov. 2024

In May, as part of a larger executive reorganization, Matt Severson was named executive vice president of academy collection and preservation, overseeing all archival, preservation, registration, conservation and cataloging work of the library, archive and Academy Museum. —Josh Rottenberg, Los Angeles Times, 31 Oct. 2024

Just this year, Google has carried out a series of reorganizations and consolidation of teams, including putting more teams under DeepMind, its core AI group. —Bykali Hays, Fortune, 29 Oct. 2024

Think in terms of weeks, not months, and aim for incremental changes instead of massive reorganizations and huge rollouts. —Sergey Dmitriev, Forbes, 28 Oct. 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