0 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."
NIEUWE WOORDEN
European
May 10, 2021
WOORD VAN DE DAG
Shimmer
cramdown
