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词汇 second-lien-loan
释义 second lien loan
noun[ C ]
ukus
FINANCE, LAW
a loan to a company where the lender has the right to particular assets of the company if it goes bankrupt, but only after other lenders have received their share of assets:
HSBC revealed that almost 6% of its second lien loans were more than 60 days in arrears.
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