Business / Loan / Subordinated Debt (Junior Debt): Debt over which senior debt takes priority. In the event of bankruptcy, subordinated debt-holders receive payment only after senior debt is paid in full. A subordination of security interest in property allows another creditor to have the rights to the proceeds of the sale of that property before the claim of the subordinated creditor.
Debt Adjective Synonyms: obligation, due, indebtedness, liability, responsibility, accountability, encumbrance
Business / Finance / Long-Term Debt: Total of all debt due after one year including bonds at face value. MORE
Business / Loan / Long Term Debt: Financing used to purchase or improve assets such as plant, facilities, large equipment and real estate. MORE