DEBTOR-IN-POSSESSION (DIP)
\dˈɛtəɹɪnpəzˈɛʃən dˈɪp], \dˈɛtəɹɪnpəzˈɛʃən dˈɪp], \d_ˈɛ_t_ə_ɹ_ɪ_n_p_ə_z_ˈɛ_ʃ_ə_n__ d_ˈɪ_p]\
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A firm filing for BANKRUPTCY protection and REORGANIZATION that is permitted to act as its own TRUSTEE. The DIP typically attempts to secure DIP FINANCING in order to continue its operations while preparing a reorganization plan for court approval.
By Henry Campbell Black
Word of the day
Dopamine Acetyltransferase
- An enzyme that catalyzes the of groups from acetyl-CoA to arylamines. They have wide specificity for aromatic amines, particularly serotonin, and can also catalyze acetyl transfer between arylamines without CoA. EC 2.3.1.5.
Nearby Words
- debtless
- debtor
- debtor in possession
- debtor's act 1869
- debtor's summons
- DEBTOR-IN-POSSESSION (DIP)
- debts, british
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- debugging an empty file