fulcrum security

fulcrum security
USA
fulcrum security, Also known as fulcrum debt.
The security most likely to convert to (or receive) equity in a reorganized company after it emerges from Chapter 11 of the Bankruptcy Code. Some investors purchase this security as part of a strategy to take ownership of the company.

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

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