A loan from the public sector to maintain the liquidity of a company in the short term; usually limited to six months and with the purpose of being able to draw up a plan for restructuring during this period. For companies in the EU, the rules from the “Community Guidelines on State Aid for Rescuing and Restructuring Firms in Difficulty (2004/C 244/02)” apply. They are intended to prevent a rescue aid from becoming a public restructuring grant or a permanent subsidy. – See counterparty risk, resolution mechanism, unified, bankruptcy, salary freeze, insolvency, insolvency costs, manifestation, reorganization, insolvency.
Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent!
University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/