Stalking Horse: Canada Debt .ca defines Stalking Horse

Bankruptcy Term Stalking Horse

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Canada Debt has the definition to the bankruptcy and debt term Stalking Horse. Finding answers to terms such as Stalking Horse 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. Stalking Horse in financial terms means...

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

(US term - This strategy is seldom used in Canada)

This is the name given to the party submitting the first bid to purchase assets. The stalking horse bid can be used to solicit interest from other bidders and also acts as a floor for what will be realized at an auction.