CRAMDOWN Meaning and
Definition
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CRAMDOWN:
Cramdown is a term used in finance and law to describe the act of imposing one's decision or plan on others, even if they do not agree with or support it. It typically refers to situations where a creditor or a majority of creditors enforce their terms or decisions onto a debtor or a minority of creditors without their consent, especially during a bankruptcy or restructuring process.
In the context of bankruptcy, a cramdown occurs when a bankruptcy court approves a reorganization plan proposed by a debtor, over the objections of certain creditors who may not be satisfied with the terms. This allows the debtor to restructure their debts and continue operating their business, regardless of the opposition from dissenting creditors. The court may also determine the value or the terms of the debt and may force the creditors to accept changes to the original loan agreements.
Outside the realm of bankruptcy, cramdown can also be used to describe a situation where a party imposes their terms or decisions on others through force, coercion, or by exploiting their position of power. It implies a unilateral action taken without taking into consideration the views or interests of others involved.
Overall, cramdown relates to the act of forcing a decision, plan, or terms onto others against their will, particularly in the context of financial matters or legal proceedings.
Common Misspellings for CRAMDOWN
- xramdown
- vramdown
- framdown
- dramdown
- ceamdown
- cdamdown
- cfamdown
- ctamdown
- c5amdown
- c4amdown
- crzmdown
- crsmdown
- crwmdown
- crqmdown
- crandown
- crakdown
- crajdown
- cramsown
- cramxown
- cramcown
