Definitions
Wiktionary
- n. A corporate accounting procedure in which recapitalization is achieved by the elimination of the existing deficit and the establishment of a new earned surplus account for future earnings only.
Examples
“Bakrie & Brothers executives said they have been trying to remedy that situation through what they call a "quasi-reorganization.”
The Wall Street Journal: Bakrie & Brothers Steps Up Overhaul
“Through this quasi-reorganization we will become like a newborn baby," said Bobby Gafur Umar , Bakrie & Brothers president director and chief executive officer, in an interview.”
The Wall Street Journal: Bakrie & Brothers Steps Up Overhaul
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