释义 |
Financial distress
Financial distressEvents preceding and including bankruptcy, such as violation of loan contracts.Financial DistressA stage before bankruptcy where a company's creditors are not being paid or are paid with significant difficulty. While a company can avoid moving from financial distress to bankruptcy, it can be very difficult. Often, financial distress can come with its own costs, such as fees paid to lawyers or the costs of extra interest for late payments. See also: Costs of financial distress. |