18:31 Oct 27, 2019 |
Polish to English translations [PRO] Bus/Financial - Finance (general) | |||||||
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| Selected response from: mike23 Poland Local time: 23:33 | ||||||
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4 | subordinated loan |
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2 +1 | subordination of loan repayment |
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subordinated loan Explanation: Subordinated debt (also known as a subordinated debenture) is an unsecured loan or bond that ranks below other, more senior loans or securities with respect to claims on assets or earnings. Subordinated debentures are thus also known as junior securities. In the case of borrower default, creditors who own subordinated debt will not be paid out until after senior bondholders are paid in full. -------------------------------------------------- Note added at 40 min (2019-10-27 19:12:03 GMT) -------------------------------------------------- https://www.investopedia.com/terms/s/subordinateddebt.asp https://www.investopedia.com/terms/s/subordinateddebt.asp |
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subordination of loan repayment Explanation: subordination of loan repayment --- subordination of loan repayment to Citibank if developer defaults on the Citibank loan after conversion to permanent financing http://file.lacounty.gov/SDSInter/bos/supdocs/73185.pdf |
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