■ noun (in the US) protection from creditors given to a company in financial difficulties for a limited period to allow it to reorganize.
Origin
with allusion to chapter 11 of the US bankruptcy code.
■ noun (in the US) protection from creditors given to a company in financial difficulties for a limited period to allow it to reorganize.
Origin
with allusion to chapter 11 of the US bankruptcy code.
Concise Oxford English vocab. Сжатый оксфордский словарь английского языка. 2004