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Definition of “debt-for-equity” - English Dictionary

"debt-for-equity" in Business English

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debt-for-equityadjective

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FINANCE used to describe a situation in which shareholders in a company are given bonds to replace their shares: Its lenders agreed to a debt-for-equity swap to save the company. The company extended its debt-for-equity offer for a further day in order to raise the level of support for the crucial deal.
(Definition of debt-for-equity from the Cambridge Business English Dictionary © Cambridge University Press)
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