Subordination clause

A provision in a bond indenture that restricts the issuer's future borrowing by subordinating future lenders' claims on the firm to those of the existing bondholders.

Subordination Clause

A clause in some contracts for debt stating that in the event of bankruptcy or liquidation, the debt in the contract will take priority over all other debts. This protects the creditor in the event that the debtor defaults. It is most common in mortgages and bonds. See also: Absolute Priority Rule.

单词	subordination clause
释义	LegalSeesubordination agreement Subordination clause Subordination clause A provision in a bond indenture that restricts the issuer's future borrowing by subordinating future lenders' claims on the firm to those of the existing bondholders. Subordination Clause A clause in some contracts for debt stating that in the event of bankruptcy or liquidation, the debt in the contract will take priority over all other debts. This protects the creditor in the event that the debtor defaults. It is most common in mortgages and bonds. See also: Absolute Priority Rule.
随便看	lukh lukhovitsy lukhovka lukianenko, pavel lukianenko, pavel panteleimonovich lukian kobylitsa lukianov, sergei lukianov, sergei vladimirovich lukian popov lukian vasilevich popov lukin, mikhail lukin, mikhail fedorovich lukin, nikolai lukin, nikolai mikhailovich lukin, vladimir lukin, vladimir ignatevich lukirskii, petr lukirskii, petr ivanovich lukkans lukla, nepal - lukla lukman kodzokov lukman magometovich kodzokov luknovo lukoianov lukoil