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

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"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 financial arrangement 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)