CRAM-UP
Situation in which junior classes of creditors impose a cram-down on senior classes of creditors in the event of bankruptcy or reorganization. A firm facing bankruptcy cannot force creditors to take compromises to their claims beyond the courtroom, but the creditors may agree to the terms. If there are sufficient number of junior class creditors that agree on the set terms by the firm seeking refinancing, they can force holdouts that are bounded to the agreement. Senior classes of creditors will be forced to accept the terms even though it is not better than the initial deal.
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Accumulation Area
A price where the investors purchase shares of a particular stock. It is usually determined by the looks of the volume and its price. Some analysts ...
SEC Form DEF13E3
SEC Form DEF13E3 is a form which is used as an initial preliminary statement for a company or affiliate that is turning private. “Going priva ...
Transaction
1. Deal between a buyer and a seller to exchange a product, service, or financial instrument.
2. In accounting, an event or condition aff ...
IRS Publication 596
A document that gives information on the earned income credit (EIC) offered to individuals who earn below $51,567. To be eligible to receive EIC, a ...
Depository Trust Company Tracking - DTCT
A service, used by underwriting firms, that provides a method of tracking the exact path of purchases and sales of newly issued securities.
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