cross-class cram-down
C2CEFR level
98/100Rarity: very rare
TechnicalRegister
Confirmation of a restructuring plan imposed over the dissent of an entire creditor or shareholder class.
The new plan let us push through a cross-class cram-down of the out-of-the-money shareholders.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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