debtor-in-possession financing
noun[U]
ukus(abbreviationDIP financing)FINANCE
in the US, afinancialarrangementin which acompanythat cannotpayitsdebtsis given aloanso that it cancontinueto own andcontrolitsownassetsandcontinuetrading:
Debtor-in-possessionfinancingisintendedto givecompaniesthetimeandresourcesthey need to besuccessfulin thefuture.