Definition

Adjustment bond

Adjustment bond is a bond issued in exchange for outstanding bonds when a corporation facing bankruptcy is
recapitalized.

Share it:  Cite

More from this Section

  • Truth-in-Landing Act
    Truth-in-Landing Act is the law passed by the U.S. congress in 1968 that promotes the ...
  • Hague Rules
    Hague Rules is anternational Convention for the Unification of Certain Rules relating ...
  • Away from the market
    Away from the market is in context of general equities, out of line with the inside market ...
  • Financial distress
    Financial distress is that financial situation when a firm cann't meet or has ...
  • Surplus
    Surplus means any agent or sector in the economy (household, business, or government) ...