recapitalisation
C2CEFR level
80/100Rarity: very rare
TechnicalRegister
Law noun
A restructuring of a company's mix of debt and equity to stabilise or improve its capital structure.
The distressed group underwent a recapitalisation in which lenders exchanged debt for equity.
Business noun
The restructuring of a company's mix of debt and equity in order to stabilise or strengthen its capital base.
The ailing lender underwent a state-backed recapitalisation to shore up its balance sheet.
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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