What is Cash Collateral? Cash collateral refers to cash that is held as collateral for a loan or other financial obligation. It is used to provide security to the lender in case the borrower fails to meet their obligation. Cash collateral managemen…
What is bankruptcy? Bankruptcy is a legal process that allows individuals or businesses to have their debts discharged or restructured in order to help them get back on their feet financially. In the United States, bankruptcy is governed by federal …
Absolute Priority Rule What is the Absolute Priority Rule? Absolute Priority Rule is a policy that says that secured claims should be paid before the junior claims at the time of company liquidation. The absolute Priority Rule also says that the eq…
