cramdownnoun [ C ]
also cram-down uk/ˈkræmdaʊn/usUSLAW a court's approval of a bankrupt company's plan to pay its debts, that is given even if the people or companies that are owed money (= the creditors) do not approve:
If creditors reject a repayment plan, the bankruptcy judge can force it on them anyway - a process inelegantly known as a "cram-down."