cramdown

noun

cram·​down
ˈkram-ˌdau̇n
1
: a bankruptcy court's approval of a Title 11 bankruptcy plan against the wishes of some creditors

Note: A plan may be approved despite the rejection of creditors if the plan is deemed to be fair and equitable and not unfairly discriminatory in accordance with Title 11, section 1129(b).

2
: a Chapter 13 bankruptcy court's modification of the terms of a loan against the wishes of a creditor

Word History

Etymology

from the idiom cram something down someone's throat “to force someone to accept something”

Dictionary Entries Near cramdown

Cite this Entry

“Cramdown.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/cramdown. Accessed 5 Mar. 2024.

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