What is the definition of Adjustment bond? | Dictionary.net

ADJUSTMENT BOND

\ɐd͡ʒˈʌstmənt bˈɒnd], \ɐd‍ʒˈʌstmənt bˈɒnd], \ɐ_dʒ_ˈʌ_s_t_m_ə_n_t b_ˈɒ_n_d]\

Definitions of ADJUSTMENT BOND

1910 - Black's Law Dictionary (2nd edition)

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Bonds that are issued and recapitalized when a firm is failing and ready to declare bankruptcy replacing existing bonds held by shareholders.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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