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词汇 junior-debt
释义 junior debt
noun[ U ]
 FINANCEukus
debt that will not be paid back by a company that goes bankrupt until other debts have been paid:
It is understood that the shareholder loans will be junior debt in the company's capital structure, and will be used before the bank debt to provide funds for the roll-out of the service.
Compare
mezzanine
senior debt

Examples of junior debt


junior debt
A firm facing debt overhang can not issue new juniordebt because default is likely.
From
Wikipedia

This example is from Wikipedia and may be reused under a CC BY-SA license.
Usually, it is the most juniordebt in the company's debt portfolio, and since this loan belongs to shareholders it should be treated as equity.
From
Wikipedia

This example is from Wikipedia and may be reused under a CC BY-SA license.
If this happens, the juniordebt still exists, but may become unsecured.
From
Wikipedia

This example is from Wikipedia and may be reused under a CC BY-SA license.
These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.
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