| 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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