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junior debt

   Also found in: Wikipedia 0.09 sec.
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 is subordinate to another class of debt issued by the same party. Junior debt is more risky for an investor to own, but it pays a higher rate of interest than debt with greater security. Debentures are junior debt. Compare senior debt.
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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.
L.A. County emergency rooms reject more patients by Darmiento, Laurence / Los Angeles Business Journal
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.
Help middle-market companies get funding by Journal of Accountancy
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.
ON Semiconductor Seeks Bank Amendment by Business Wire
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