junior debt |
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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.
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junior debt is in the Banking, Commerce & Finance, Corporate, Commercial, & General Law, Investing and Securities & Futures Trading subjects.
junior debt appears in the definitions of the following terms: subordinated debt and senior debt
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