surseance
noun1
Law In the Netherlands The phase of reaching an agreement with the creditors of a bankrupt company.
surseance
nounUK /ˈsɜːsiəns/ · US /ˈsɜɹsiəns/
Etymology From Middle English *surseance (not found), from Old French surseance (“suspicion; delay”), from surseoir (“to delay”), from supersedo. More at surcease.
1
Obsolete peace (state of not fighting) or quiet (silence, or calmness)
- all preachers , especially such as be of good temper , and have wisdom with conscience, ought to inculcate and beat upon a peace, silence, and surseance1641, Francis Bacon, A Wise and Moderate Discourse, Concerning Church-Affaires: