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 Back Months:
- Examples In the context of futures and options trading, refers to the months of contracts with expiration dates farthest away. See farthest month best-interests-of-creditors test definition.
- Definition Board Room:
- Examples A room at a brokerage firm where its clients can watch an electronic board displaying stock prices and transactions. Also refers to the room where Board of Directors meetings take place best-interests-of-creditors test explain.
- Definition Bullet Loan:
- Examples A bank term loan that calls for no amortization best-interests-of-creditors test what is.
- Definition Builder Buydown Loan:
- Examples newly developed property that the builder subsidizes during the early years of the development. The builder uses cash to buy down the mortgage rate to a lower level than the prevailing market loan best-interests-of-creditors test meaning.
- Definition Burnout:
- Examples Depletion of a tax shelter's benefits. In the context of mortgage backed securities it refers to the percentage of the pool that has prepaid their mortgage best-interests-of-creditors test abbreviation.