Cramming Down - definition of Cramming Down by The Free Dictionary
cramdown (redirected from Cramming Down)
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
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.