DEBTORINPOSSESSION FINANCING
debtor-in-possession financing: translation
New debt obtained by a firm during the Chapter 11 bankruptcy process, Federal Bankruptcy Rule 4001 ( c)(1). This financing is unique because it is secured, that is, it has priority over existing debt, equity and other claims. Bloomberg Financial Dictionary
* * *
debtor-in-possession financing debtor-in-possession financing ➔ financing
* * *
debtor-in-possession financing UK US noun [U] (ABBREVIATION DIP financing)
► FINANCE »
Debtor-in-possession financing is intended to give companies the time and resources they need to be successful in the future.