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distressed or other coercive exchange of an obligation

German translation: Umschuldung notleidender Verbindlichkeiten oder ein anderer zwangsweiser Umtausch von

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22:40 Mar 11, 2007
English to German translations [PRO]
Bus/Financial - Investment / Securities
English term or phrase: distressed or other coercive exchange of an obligation
Default generally is defined as one of the following:

- failure of an obligor to make timely payment of principal and/or interest under the contractual terms of any financial obligation;
- the bankruptcy filings, administration, receivership, liquidation or other winding-up or cessation of business of an obligor; or
- the distressed or other coercive exchange of an obligation, where creditors were offered securities with diminished structural or economic terms compared with the existing obligation
Alexandra Bühler
Germany
Local time: 12:40
German translation:Umschuldung notleidender Verbindlichkeiten oder ein anderer zwangsweiser Umtausch von
Explanation:
Verbindlichkeiten

Selected response from:

Reinhard Wenzel
Local time: 12:40
Grading comment
Vielen Dank!
4 KudoZ points were awarded for this answer

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Summary of answers provided
4 +2Umschuldung notleidender Verbindlichkeiten oder ein anderer zwangsweiser Umtausch vonReinhard Wenzel


  

Answers


1 hr   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +2
Umschuldung notleidender Verbindlichkeiten oder ein anderer zwangsweiser Umtausch von


Explanation:
Verbindlichkeiten



Reinhard Wenzel
Local time: 12:40
Specializes in field
Native speaker of: Native in GermanGerman
PRO pts in category: 224
Grading comment
Vielen Dank!

Peer comments on this answer (and responses from the answerer)
agree  F. Parham
5 hrs

agree  Sonia Heidemann
2 days22 hrs
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