prepackaged pre‧pack‧aged [ˌpriːˈpækɪdʒd◂] also pre-packaged adjective
1. if a product is prepackaged, it is prepared and wrapped before it is sold:

• Imperial Foods Inc. operates a prepackaged sandwich and vending business.

• prepackaged software

2. FINANCE LAW a prepackaged arrangement for a company in financial difficulty has been agreed to by creditor S (= people and organizations to whom it owes money) before the company goes to a bankruptcy court. Prepackaged arrangements are used so that creditors can be paid, or so that the company can continue in another form, more quickly:

• The company can seek bankruptcy court approval for a prepackaged reorganization plan if it receives approval from at least half of the bondholders.

Financial and business terms. 2012.

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Look at other dictionaries:

  • prepackaged — UK [ˌpriːˈpækɪdʒd] / US [ˌprɪˈpækɪdʒd] or prepacked UK [ˌpriːˈpækd] / US [ˌprɪˈpækd] adjective prepackaged products are already wrapped or in a box when you buy them prepackaged sandwiches …   English dictionary

  • prepackaged — [ˌpriːˈpækɪdʒd] or prepacked [ˌpriːˈpækd] adj prepackaged products are already wrapped or in a box when you buy them …   Dictionary for writing and speaking English

  • prepackaged — pre|pack|aged [ ,pri pækıdʒd ] adjective 1. ) prepackaged or prepacked prepackaged products are already wrapped or in a box when you buy them: prepackaged software 2. ) used to describe a situation that is completely arranged and planned for you… …   Usage of the words and phrases in modern English

  • prepackaged — adjective prepared and wrapped beforehand and ready for sale (Freq. 1) prepackaged foods • Syn: ↑prepacked • Similar to: ↑packaged * * * prēpackedˈor prēpackˈaged adjective …   Useful english dictionary

  • prepackaged — pre|pack|aged [ˌpri:ˈpækıdʒd] adj prepackaged foods have already been prepared when you buy them, so that they are ready to eat, or only have to be heated ▪ prepackaged microwave meals …   Dictionary of contemporary English

  • prepackaged bankruptcy — a situation where a company and its creditors agree to a plan of reorganization before the company files a bankruptcy petition. In a true prepackaged bankruptcy, a plan of reorganization is circulated and approved by creditors before the petition …   Glossary of Bankruptcy

  • prepackaged bankruptcy — USA An agreement among creditors and stockholders reached before a bankruptcy filing that governs key elements of the bankruptcy plan, rejections and acceptances. The plan and a disclosure statement are usually filed when a Chapter 11 case… …   Law dictionary

  • prepackaged pre-packaged prepacked — packaged packaged (p[a^]k [asl]jd), adj. Enclosed in a package[2] or protective covering; as, packaged cereals. [Narrower terms: {prepackaged, pre packaged, prepacked ] {unpackaged, loose} Syn: wrapped, done up. [WordNet 1.5] …   The Collaborative International Dictionary of English

  • Prepackaged Bankruptcy — A plan for financial reorganization that a company prepares in cooperation with its creditors that will take effect once the company enters bankruptcy. This plan must be voted on by shareholders before the company files its petition for… …   Investment dictionary

  • prepackaged — adjective That has been packaged prior to being sold …   Wiktionary

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