| 词汇 | cramdown |
| 释义 | cramdown noun[ C ] US(alsocram-down)uk /ˈkræmdaʊn/us LAW a court's approval of a bankrupt company's plan to pay its debts, that is given even if the people or companies that are owed money (= the creditors) do not approve: If creditors reject a repayment plan, the bankruptcy judge can force it on them anyway - a process inelegantly known as a "cram-down." |
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