active debt
active debt 有息债务；附利息的债务
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passive debt
passive debt (1)无息债务；免息债务 指经由债权人与债务人约定不承担利息的债务。与有息债务〔active debt〕相对。 (2)消极债务 在另一层含义上，某一债务分为「积极」〔active〕与「消极」〔passive〕是因其针对债权人或债务人而定的。消极债务即「欠人」，积极债务则为「人欠」。据此，任何一笔债务均既是积极的，又是消极的；针对债权人而言是积极的，针对债务人而言则是消极的。法语中所用的「actif」(资产〔assets〕)与「passif」(负债〔liabilities〕)即与之相当。
recapitalization
recapitalization, n. An adjustment or recasting of a corporation’s capital structure — that is, its stocks, bonds, or other securities — through amendment of the articles of incorporation or merger with a parent or subsidiary. • An example of recapitalization is the elimination of unpaid preferred dividends and the creation of a new class of
limited partnership
A partnership composed of one or more persons who control the business and are personally liable for the partnership’s debts (called general partners), and one or more persons who contribute capital and share profits but who cannot manage the business and are liable only for the amount of their contribution (called limited partners). • The
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correi credendi
correi credendi (kor-ee-I kri-den-dI). [Latin] Roman law. Joint creditors. — Also termed correi stipulandi (stip-y[schwa]-lan-dI). See STIPULATIO. “The mode for stipulatio is stated in the Institutes. Of several stipulators (correi credendi, active correality) each asks the debtor and he answers once for all. Of several promisors (correi debendi, passive correality) the creditor asks each and
leveraged recapitalization
Recapitalization whereby the corporation substitutes debt for equity in the capital structure, usu. to make the corporation less attractive as a target for a hostile takeover. — Also termed leveraging up.
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