a loan that has a lower priority than a senior loan in case of a liquidation of the asset or borrowing company. Also known as "subordinated debt".
A debt or quasi equity instrument which is subordinated to senior and mezzanine but ranks ahead of institutional loan stock. The boundaries between junior and mezzanine can be blurred.
Loans which rank after secured or senior debt for repayment in the event of a default.
Debt which ranks alongside Senior Debt but is repaid later. Can be very similar to Mezzanine Finance.
Debt whose holders have a claim on the firm's assets only after senior debtholder's claims have been satisfied. Subordinated debt.
Debt whose holders have a claim on the firms assets only after senior debtholders claims have been satisfied. Subordinated debt.