Cramdown Definition
krămdoun
noun
A court-ordered reduction in the periodic payments on the balance of a debt, usually in line with a lower interest rate, sometimes granted to bankrupt debtors.
American Heritage
Other Word Forms of Cramdown
Noun
Singular:
cramdown
Plural:
cramdownsOrigin of Cramdown
So called because it is crammed down or imposed involuntarily, on the creditor
From American Heritage Dictionary of the English Language, 5th Edition
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