What is the meaning of Adjustment bond?

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

Barry Goldsmith
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APABarry Goldsmith. (2010). adjustment bond. Retrieved September 21, 2026, from http://smartdefine.org/adjustment_bond/definitions/1147246
ChicagoBarry Goldsmith. 2010. "adjustment bond" http://smartdefine.org/adjustment_bond/definitions/1147246 (accessed September 21, 2026).
HarvardBarry Goldsmith 2010, adjustment bond, Smart Define, viewed 21 September, 2026, <http://smartdefine.org/adjustment_bond/definitions/1147246>.
MLABarry Goldsmith. "adjustment bond" 21 October 2010. Web. 21 September 2026. <http://smartdefine.org/adjustment_bond/definitions/1147246>