Junior Debt
Debt that has a lower priority for repayment than first ranking debt claims in the case of a borrower's default. It is a type of subordinated debt.
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Debt that has a lower priority for repayment than first ranking debt claims in the case of a borrower's default. It is a type of subordinated debt.
Source: INREV | Date: 02 March 2020 | ID: D0700 | Version: 4