drop-dead fee

noun

a fee paid to an organization lending money to a company that is hoping to use it to finance a takeover bid. The fee is only paid if the bid fails and interest charges are only incurred if the money is needed

Nearby words

  1. drop valve,
  2. drop window,
  3. drop zone,
  4. drop-dead,
  5. drop-dead date,
  6. drop-down menu,
  7. drop-forge,
  8. drop-in,
  9. drop-in centre,
  10. drop-kick

Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012