Share this site with del.icio.us Share this site with furl Share this site with stumbleupon Share this site with google Add this site to Yahoo Bookmarks Click here to add us to your favorites Subscribe to our Feed





junior debt

Definition

Debt whose claim on the debtor's assets is junior to one or more prior (senior) claims. In case of the liquidation of debtor's assets, a junior debt is paid only after the satisfaction of senior debt(s). Also called subordinated debt.


Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z