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Real Estate Encyclopedia | Property Law Dictionary | Real Estate Terms | Meanings & Definitions |      Aug 07, 2020

More New Real Estate Terms

distressed debt

A debt that has a high risk that it will not be repaid. Any corporate debt that is trading at less than it face value may be considered distressed as the market has indicated that the recovery of the original principal is unlikely to be paid, although debt may not be consider truly distressed until there has been a default on payments of interest or principal or the borrower is considered likely to enter bankruptcy or plan major financial restructuring. See also junk bond.

    Terms in bold are defined elsewhere in the Encyclopedia — more in the User Guide.

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