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Residual Assets
(redirected from Residual Asset)

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Residual assets
Assets that remain after sufficient assets are dedicated to meet all senior debtholders' claims in full.

Residual Assets
A person's or company's assets after all secured obligations have been paid. That is, the residual assets are those left over after all senior creditors have had their claims satisfied. For example, in a bankruptcy or other liquidation, the residual assets are those used to pay unsecured creditors or common shareholders, if any. See also: Precedence.


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By August, the payment of arrears to those who have been paid at the lower rate should have started and there will also need to be primary legislation to restructure the residual assets in collapsed pensions schemes.
Gain-on-sale accounting often results in a significant balance-sheet asset for originators--the residual asset.
based on subsequent events; (ii) the Company's expectation that the DIP financing will provide it with funding to facilitate the chapter 11 process; (iii) the Company's expectation that it will continue to encourage competing bids for the certain loans and residual assets that it has entered into an agreement to sell to Greenwich Capital Financial Products, Inc.
 
 
 
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