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ERC

It stands for event risk covenant; a bond provision that requires that the bond is turned in, or redeemed, at…

Crown Jewel Lock-Up

A situation that arises when a target firm, in an acquisition bid (particularly, a hostile takeover), grants an option to...

Asset Lock-Up

A situation that arises when a target firm, in an acquisition bid (particularly, a hostile takeover), grants an option to...

Asset Stripping

The segregation and sale of selected assets of an acquired company in an attempt to realize money in order to...

Asset Redeployment

The reallocation of a firm's idle or underused assets to more productive/ profitable uses. The redeployment process involves the sale...

Event Risk Covenant

A bond provision that requires that the bond is turned in, or redeemed, at par or at a premium in...