cramdown

noun

cram·​down

ˈkram-ˌdau̇n

1

: a bankruptcy court's approval of a Title 11 bankruptcy plan against the wishes of some creditors

Note: A plan may be approved despite the rejection of creditors if the plan is deemed to be fair and equitable and not unfairly discriminatory in accordance with Title 11, section 1129(b).

2

: a Chapter 13 bankruptcy court's modification of the terms of a loan against the wishes of a creditor

Word History

Etymology

from the idiom cram something down someone's throat “to force someone to accept something”