Junior Debt

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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.

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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Deuda subordinada Divida subordinada Effective Net Worth Senior Bond Senior Debt subordinate Subordinate Bond Subordinated Subordinated Bonds Subordinated Debenture Subordinated Debenture Bond Subordinated Debt			Under the deal, CIT shortened the maturity of new notes by six months, raised the amount of equity slated for holders of junior debt, and added long-term debtholders to the mix of creditors who can participate. CIT: ICAHN WEIGHS IN by Harry Maurer & Cristina Linblad / BusinessWeek The StarTrib notes that its senior debt continues to be traded at 56 cents on the dollar, while its junior debt is going for as little as a dime on the dollar, indicating that speculators certainly don't have much faith in the enterprise (even if the publisher does). AVISTA, TRIBUNE RESTRUCTURE DEBT by NewsInc We are hopeful of getting their support, given that we have the backing of the junior debt holders," he said. Eurotunnel aiming to get out of a hole over pounds 6.2bn debt by The Journal (Newcastle, England)			Joseph P. Kennedy Joseph Stiglitz Joseph Wilson Journal of Government Financial Management JP JPY JSE JTWROS judge-made law judgment judgment creditor judgment debtor judgment in rem judgment lien judgment-proof judicial foreclosure judicial landmark Juego de suma cero Julliard v. Greenman Jumbo CD Jumbo Certificate of Deposit Jumbo Loan jumbo mortgage Jump ball Junior Capital Pool Junior Debt Junior Issue junior lien or mortgage Junior Mortgage Junior Refunding Junior Security Junior Stock Junk Bond junk fees Junk Financing Junk Muni-Bond Fund Junsui Kitai Kasetsu Junta arbitral Junta de directores Jurat Jurgen Stark jurisdiction Jurisdictional Arbitrage Jurisprudencia Juristic Act Juro Juro composto Juro pos fixado Juro prefixado Juros a pagar Jury of Executive Opinion			Junior Champions League junior channel Junior Circuit junior class Junior Class Officer Team Junior Classic League junior college junior college junior college Junior College Athletic Association Junior College Athletic Bureau Junior College Football Network Junior College World Series Junior colleges Junior colleges Junior Combination Room Junior Combination Room Society Junior Command Management Course Junior Commissioned Officer Junior Commissioned Officer Student Training and Extern Program Junior Common Room Junior Common Room Junior Common Room Commitee junior common rooms Junior Company Exploration Assistance Program Junior Council on World Affairs Junior Councilor Junior Counselor Junior Debt Junior Debts Junior Department Manager Junior Development Cycling Foundation Junior Development Programme Junior Disc Golf Foundation Junior Doc Medical-Team Junior doctor Junior doctors Junior Duck Stamp Junior Educated Rich Kid Junior Engineer Junior Engineer Trainee Junior Engineering Technical Society Junior Engineers' and Scientists' Summer Institute Junior English for China Junior English Proficiency Test Junior English Test Junior Enlisted Travel Junior Enlisted Warrior Junior enterprise Junior Enterprise Ingegneria Architettura Junior Enterprise World Conference Junior Entrepreneurs on the Move Junior EU-ASEAN Managers Programme

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