Definitions of "cramdown"
  1. The approval by a bankruptcy court of a plan under Title 11 of the Bankruptcy Code that is not favored by some creditors
  2. The alteration of loan terms by a Chapter 13 bankruptcy court that is done against the preference of a creditor
How to use "cramdown" in a sentence
  1. When the cramdown was implemented, the creditors opposed were left with no choice but to comply.
  2. The debtor sought a cramdown to modify his loan terms, despite his creditor's disapproval.
  3. Through a cramdown procedure, the bankruptcy court passed the repayment plan, which was objected to by several creditors.

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