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Junior Debt |
Also found in: Wikipedia | 0.05 sec. |
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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.
Junior Debt A class of debt that, in the event of insolvency, is prioritized lower than other classes of debt. The most common kind of junior debt is an unsecured loan, which has no collateral. Another kind of junior debt is a secured loan in which another loan has priority on the collateral; a second mortgage is an example of a secured junior debt. This class of debt carries higher risk but also pays higher interest than other classes. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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3 million in convertible junior debt last year but filed a prepackaged bankruptcy proceeding to alter terms of the debt that it emerged from in October. Blend bank funding with junior debt (which can provide a company with incremental capital) and subordinated debt (which also has a lower claim of payment than senior debt) and equity. In this news release, forward-looking information relates to the bank amendment, reducing the interest rate, incurring additional junior debt and the repurchase of common shares, debt and similar matters. |
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