Definition: A type of debt that combines senior and subordinated debt into one debt instrument; it is usually used to facilitate a leveraged buyout. Read more
Read more →Definition: A type of bad debt that is so old a person may have forgotten he or she owed it in the first place. Read more
Read more →Definition: A security or loan ranking beneath other securities or loans when a claim on earnings or assets is involved. Read more
Read more →Definition: A type of guarantee in which a bank or other lending organization promises to repay the liabilities of a debtor in the event that the debtor is unable to. Read more
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