haircut reorganization

A restructuring that reduces the principal amount of indebtedness owed to creditors.

• The more common usage is simply haircut [we took a haircut on that deal].

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词条贡献者

法律翻译Roger，在一家顶尖欧洲律师事务所的北京办公室担任全职法律翻译，专注翻译各类与北欧业务有关的法律文件。