debtor in possession finance
Principally a US term to describe new finance provided to a company in the protection of the courts under Chapter 11 of the US Federal Bankruptcy Code, on the basis that repayment of new money advanced to the debtor in possession takes priority over existing indebtedness.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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  • Debtor-in-possession financing — or DIP financing is a special form of financing provided for companies in financial distress or under Chapter 11 bankruptcy process. Usually, this security is more senior than debt, equity, and any other securities issued by a company. It gives a …   Wikipedia

  • Debtor in possession — Bankruptcy in the United States Bankruptcy in the United States Authority · History U.S. Trustee Court  …   Wikipedia

  • Debtor-in-possession financing — New debt obtained by a firm during the Chapter 11 bankruptcy process. The New York Times Financial Glossary * * * debtor in possession financing debtor in possession financing ➔ financing * * * debtor in possession financing UK US noun [U]… …   Financial and business terms

  • debtor-in-possession financing — New debt obtained by a firm during the Chapter 11 bankruptcy process, Federal Bankruptcy Rule 4001 ( c)(1). This financing is unique because it is secured, that is, it has priority over existing debt, equity and other claims. Bloomberg Financial… …   Financial and business terms

  • debtor — debt·or n: a person who owes a debt see also bankrupt compare creditor, obligee, obligor ◇ The Bankruptcy Act of 1978 calls the person concerned in a bankruptcy case the “debtor” as opposed to the “bankrupt.” …   Law dictionary

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  • financing — obtaining money resources. Businesses usually have to obtain finance at some time, either to go into business or expand operations. Glossary of Business Terms * * * financing fi‧nan‧cing [ˈfaɪnænsɪŋ ǁ fˈnænsɪŋ] noun [uncountable] BANKING the… …   Financial and business terms

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