cramdown
noun[C]
US(alsocram-down)uk/ˈkræmdaʊn/usLAW
a court'sapprovalof abankruptcompany'splantopayitsdebts, that is givenevenif thepeopleorcompaniesthat areowedmoney(= thecreditors)do notapprove:
Ifcreditorsrejectarepaymentplan, thebankruptcyjudgecanforceit on themanyway- aprocessinelegantlyknownas a "cram-down."