cramdownn.

Brit.

/ˈkramdaʊn/, U.S.

/ˈkræmˌdaʊn/

Origin: Formed within English, by compounding. Etymons: cram v., down adv.

Etymology: < cram v. + down adv.

U.S. Finance.

A debt restructuring ordered by a court which creditors are required to accept, despite their objections, as part of a bankruptcy arrangement; (also as a mass noun) the legal authority for courts to impose such restructuring. Frequently attributive.

ΚΠ

1950 Wall Street Jrnl. 16 May 8/5 Under the so-called ‘cram down’ provision of the Bankruptcy Act, the I.C.C. [= Interstate Commerce Commission] may turn a reorganization over to a court for its judgment.

1975 Lima (Ohio) News 26 Nov. 2/3 Lawyers don't care to predict whether it [sc. Chapter XII of the Bankruptcy Act] will be widely used to untangle realty bankruptcies until judges show a swing toward ‘cram down’ settlements.

1984 U.S. Banker (Nexis) July 10 I don't think we can feel comfortable with cramdown provisions, with the 45-day rule, with the tenure for bankruptcy judges.

1991 Kiplinger's Personal Finance Mag. Oct. 91/1 A cramdown makes mortgage lenders see red.

2011 J. Madrick Age of Greed 210 The SEC [= Securities and Exchange Commission] demands full disclosure and a complete registration statement when new equity is issued, as should have been the case with the cramdowns.

This is a new entry (OED Third Edition, December 2013; most recently modified version published online March 2022).

单词	cramdown
释义	cramdownn. Brit. /ˈkramdaʊn/, U.S. /ˈkræmˌdaʊn/ Origin: Formed within English, by compounding. Etymons: cram v., down adv. Etymology: < cram v. + down adv. U.S. Finance. A debt restructuring ordered by a court which creditors are required to accept, despite their objections, as part of a bankruptcy arrangement; (also as a mass noun) the legal authority for courts to impose such restructuring. Frequently attributive. ΚΠ 1950 Wall Street Jrnl. 16 May 8/5 Under the so-called ‘cram down’ provision of the Bankruptcy Act, the I.C.C. [= Interstate Commerce Commission] may turn a reorganization over to a court for its judgment. 1975 Lima (Ohio) News 26 Nov. 2/3 Lawyers don't care to predict whether it [sc. Chapter XII of the Bankruptcy Act] will be widely used to untangle realty bankruptcies until judges show a swing toward ‘cram down’ settlements. 1984 U.S. Banker (Nexis) July 10 I don't think we can feel comfortable with cramdown provisions, with the 45-day rule, with the tenure for bankruptcy judges. 1991 Kiplinger's Personal Finance Mag. Oct. 91/1 A cramdown makes mortgage lenders see red. 2011 J. Madrick Age of Greed 210 The SEC [= Securities and Exchange Commission] demands full disclosure and a complete registration statement when new equity is issued, as should have been the case with the cramdowns. This is a new entry (OED Third Edition, December 2013; most recently modified version published online March 2022). < n.1950
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