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Also found in: Financial.


A court-ordered reduction in the periodic payments on the balance of a debt, usually in line with a lower interest rate, sometimes granted to bankrupt debtors.

[So called because it is crammed down, or imposed involuntarily, on the creditor.]
References in periodicals archive ?
While the NVA troops survive on rice and political fervor, the marines move about sick with fatigue, choking down foul, chemically laced water, and cramming down C-rations.
If further legislation were to enable the cramming down of mortgage loan losses on lenders, they would have to acknowledge the uncollectability of a portion of the bankruptcy-eligible loans, and thus recognize losses for financial reporting purposes.
We'd had fun cramming down breakfast at the campus Glenwood, fly-fishing on the McKenzie River and playing nine holes of golf in under an hour at Tokatee Golf Club.