Meaning BEST-INTERESTS-OF-CREDITORS TEST: The requirement that a claim holder voting against a plan of reorganization must receive at least as much as if the debtor were liquidated
More terms such as Best-interests-of-creditors test in Dictionary B.
- Definition Bolsa De Valores De Rio De Janeiro (BVRJ):
- Examples Brazil's second-largest stock exchange best-interests-of-creditors test definition.
- Definition Break-Even Lease Payment:
- Examples The lease payment at which a party to a prospective lease is indifferent between entering and not entering into a lease arrangement best-interests-of-creditors test explain.
- Definition Banker'S Acceptance:
- Examples investment created by a nonfinancial firm and guaranteed by a bank as to payment. Acceptances are traded at discounts to face value in the secondary market. These instruments have been a popular best-interests-of-creditors test what is.
- Definition Bond Discount:
- Examples which a bond's market price is lower than its face value. The antithesis of a bond premium, which prevails when the market price of a bond is higher than its face value. See: Original issue best-interests-of-creditors test meaning.
- Definition Budget Surplus:
- Examples The amount by which government revenues exceed government spending best-interests-of-creditors test abbreviation.
