Crystallization: Canada Debt .ca defines Crystallization

Bankruptcy Term Crystallization

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Canada Debt has the definition to the bankruptcy and debt term Crystallization. Finding answers to terms such as Crystallization can be difficult, especially if there is more than one definition which is why we have created a page dedicated to financial terms dealing exclusively with debt. Crystallization in financial terms means...

In debt and bankruptcy terms, the phrase / term 'Crystallization' is used as follows:

That point in time where a contract or agreement triggers certain clauses in that contract. For example, when a bank appoints an Agent pursuant to its General Security Agreement, all the assets of the company in question, that are not secured by other creditors, are captured by that General Security Agreement.