Direct costs of financial distress

Definition:

Costs such as fees or penalties incurred as a result of bankruptcy or liquidation proceedings.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Foreign Credit Insurance Association (FCIA)

A private consortium of US insurance companies that offers trade credit insurance to US exporters in conjunction with the US Export-Import Bank.

Subscribe to the Term of the Day via email Get the Term of the Day in your inbox!


Create your free portfolio