subordination
subordination
Finance dictionary of financial terms
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Economics and finance
Definition of subordination
subordination: In a long-term debt agreement, the stipulation that all subsequent or less important creditors agree to wait until all claims of the senior debt are satisfied before having their claims satisfied.
Source : http://foba.lakeheadu.ca/hartviksen/2039/Finance%20Dictionary.doc
link: http://foba.lakeheadu.ca/
Author : not indicated on the source document of the above text
Finance dictionary of financial terms
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Definition and meaning of subordination
Meaning of subordination
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