stripdown

stripdown: The writing down of a secured debt to the value of the asset that secures it. For example, if a secured debt on a vehicle is $4,000 but the vehicle is only worth $2,500 the debt could be set at $2,500. (BankruptcyAction.com)

Glossary of Bankruptcy.

Игры ⚽ Поможем написать курсовую

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