“+ noun
1. : the act of reorganizing or the state of being reorganized
a thorough-going reorganization of our entire body of subject-matter along new lines — School & Society
2.
a. : the rehabilitation of the finances of a business concern under procedures prescribed by federal bankruptcy legislation
b. : any of various procedures (as recapitalization or mergers) that affect the tax structure of a corporation under federal income tax legislation
3. : the 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