debtor-in-possession financing Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “debtor-in-possession financing” in the English Dictionary

"debtor-in-possession financing" in Business English

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debtor-in-possession financingnoun [U]

uk   us   (abbreviation DIP financing)
FINANCE in the US, a ​financialarrangement in which a ​company that cannot ​pay its ​debts is given a ​loan so that it can continue to own and ​control its own ​assets and continue ​trading: Debtor-in-possession ​financing is intended to give ​companies the ​time and ​resources they need to be ​successful in the future.
(Definition of debtor-in-possession financing from the Cambridge Business English Dictionary © Cambridge University Press)
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