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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Bank Restriction Act of 1797
Act freeing the Bank of England from exchanging banknotes and other financial claims for gold. Passed by the British government in 1797, the legisl ...
Worldwide Coverage
Worldwide Coverage is an insurance policy that provides international coverage for personal property owned by the insured against any loss or damag ...
Third-Party Verification - TPV
Process in which an independent organization evaluates the client’s information to ensure its accuracy and intent. This is often used in tran ...
Bullish Abandoned Baby
Candlestick pattern signalling a reversal in the present trend. Used by traders, it is formed by three unique candlesticks showing the following ch ...
Confluence
Combining two or more techniques and ideas into one complete strategy. It occurs when two different ideas or strategies are used together to come u ...
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Buying a Home: Finding the Best House
Nothing can stop you from looking for the home of your dreams. Even though you have no agent, you can do your own diligence. Drive around neighborh ...
Ethical Investing: Its Advantages and Disadvantages
Believe it or not, ethical investing comprises a huge emotional component. Investors are human; therefore, they let emotions drive their decisions. ...
Health Savings Account: Eligibility
We discussed the fundamental information regarding HSAs. Now, we shall tackle the qualifications for opening an HSA.
Any person can utili ...
Getting to Know The Federal Reserve
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An Introduction to Student Loans
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| Time | Country | Indices | Period |
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