Adjustment bond


 

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Adjustment bond

A bond issued in exchange for outstanding bonds when a corporation facing bankruptcy is recapitalized.



Adjustment bond

Similar Matches

Structural adjustment

Structural adjustment

The reallocation of resources (labor and capital) among sectors of the economy in response to changing economic circumstances, including trading conditions, or changes in policy.


Balance of payments adjustment mechanism

Balance of payments adjustment mechanism

Any process, especially any automatic one, by which a country with a payments imbalance moves toward balance of payments equilibrium. Under the gold standard, this was the specie flow mechanism.


Border tax adjustment

Border tax adjustment

Rebate of indirect taxes (taxes on other than direct income, such as a sales tax or VAT) on exported goods and levying of them on imported goods. May distort trade when tax rates differ or when adjustment does not match the tax paid.


International adjustment process

International adjustment process

1. Any mechanism for change in international markets. 2. The mechanism by which payments imbalances diminish under pegged exchange rates and nonsterilization. Similar to the specie flow mechanism, exchange-market intervention causes money supplies of surplus countries to expand and vice versa, leading to price and interest rate changes that correct the current and capital account imbalances.


Structural adjustment program

Structural adjustment program

The list of budgetary and policy changes required by the IMF and World Bank in order for a developing country to qualify for a loan. This "conditionality" typically includes reducing barriers to trade and capital flows, tax increases, and cuts in government spending.


Further Suggestions

higher rate adjustment
Cumulative Translation Adjustment (CTA) account
Adjustment assistance
Trade adjustment assistance
Walrasian adjustment
Adjustment mechanism
Adjustment date
Marshallian adjustment


 
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