Collective action clause
clause that allows a supermajority of bondholders to agree a debt restructuring that is legally binding on all holders of the bond
Pronunciations
British English
/kəˈlɛktɪv ˈækʃn ˈklɔːz/Open converterAmerican English
/kəˈlɛktɪv ˈækʃən ˈklɔz/Open converter
These IPA transcriptions are generated from the name above. Proper names may have other pronunciations, and current converter results may differ. How transcription works