- Junior debt (subordinate debt)
- Debt whose holders have a claim on the firm's assets only after senior debtholder's claims have been satisfied. Subordinated debt. The New York Times Financial Glossary
Financial and business terms. 2012.
Junior debt (subordinate debt)
Look at other dictionaries:
junior debt — Obligations of an issuer for which repayment has contractually been given a priority that is lower than the repayment priority of other debts of the same obligor. This arrangement may arise from either a specific subordination agreement or a… … Financial and business terms
subordinate — sub·or·di·nate 1 /sə bȯrd ən ət/ adj 1: placed in or occupying a lower rank, class, or position 2: submissive to or controlled by authority sub·or·di·nate 2 /sə bȯrd ən ˌāt/ vt nat·ed, nat·ing: to assign lower priority to (as a debt or… … Law dictionary
subordinate debt — Debt that is junior in status of claims to other types or classes of debts … Black's law dictionary
junior security issue — Debt or equity issue that is subordinate to another security issue in terms of interest, principal, dividends, payment on dissolution, etc. See also security … Black's law dictionary
junior security issue — Debt or equity issue that is subordinate to another security issue in terms of interest, principal, dividends, payment on dissolution, etc. See also security … Black's law dictionary
subordinated debt — Debt that is unsecured and/or ranks for interest and repayment after the senior debt of a company. Subordinated debt may rank below senior debt in the following ways: • Repayment of principal. The more senior the debt, the earlier it will be due… … Law dictionary
Subordinated debt — In finance, subordinated debt (also known as subordinated loan, subordinated bond, subordinated debenture or junior debt) is debt which ranks after other debts should a company fall into receivership or be closed.Such debt is referred to as… … Wikipedia
Lien — For other uses, see Lien (disambiguation). Property law … Wikipedia
leveraged buyout — Corporate acquisitions in which the acquiring company borrows most or all of the funds needed to finance the purchase. In a typical leveraged buyout, the buyer intends to repay the finance debt from funds gained from either the sale of assets… … Financial and business terms
Mortgage law — This article is about the legal mechanisms used to secure the performance of obligations, including the payment of debts, with property. For loans secured by mortgages, such as residential housing loans, and lending practices or requirements, see … Wikipedia
