CoachA collective action clause (CAC) in a bond lets a qualified majority of its holders change its payment terms for all holders, the minority included. A holdout creditor is one that does not accept a restructuring and keeps, or litigates on, its original claim.
Quantitative Finance · Glossaire
Qu'est-ce que « Collective action clause, holdout creditor » ?
Aussi appelé : collective action clause · holdout creditor