Word: CAC
Part of speech: Noun
Syllables: cac
Definition: Initialism of collective action clause; allows a supermajority of bondholders to agree to a debt restructuring that is legally binding on all holders of the bond, including those who vote against the restructuring
Morphemes:
Affix: CAC
Language: en
PoS: Noun
Meaning: Initialism of collective action clause; allows a supermajority of bondholders to agree to a debt restructuring that is legally binding on all holders of the bond, including those who vote against the restructuring