Crammed Down
1. A situation in which venture capitalists refuse to invest in a new project unless the preceding investors of the company lower the value of their original investment.
2. A bankruptcy procedure that allows a bankruptcy court to initiate a reorganization plan for a company despite objections from creditors. The creditors will still maintain collateral on the company as long as the firm offers repayment of the "secured portion" or fair market value of the collateral in their repayment plan.
|||1. If the earlier investors of the company don't pony up new cash for the next round of financing, then their interest in the company is "crammed down."
2. Creditors usually don't like this because they would rather liquidate the company's assets and get back some of the money owed to them.
附件列表
词条内容仅供参考,如果您需要解决具体问题
(尤其在法律、医学等领域),建议您咨询相关领域专业人士。
如果您认为本词条还有待完善,请 编辑
上一篇 Covered Bond 下一篇 Credit Agency