Advertising

Subordination clause

• A provision in a bond indenture that restricts the issuer's future borrowing by subordinating the new lender's claims on the firm to those of the existing bond holders.

 
 Embedded terms in definition
 Bond indenture
Bond
Firm
Future
Indenture
 
 Related Terms
 Conversion clause
Inflation escalator clause
Multicurrency clause
Negative pledge clause
Subordination

<< Subordination Subpart f >>

Helping Disabled or Elderly Relatives With Money Management, Even From Far Away: Millions of people serve as financial caregivers for ill or elderly spouses, parents, children or other loved ones. They perform services that include paying bills, handling deposits and investments, filing insurance claims and preparing taxes. Because this role can be costly and physically and emotionally exhausting, especially for a caregiver who lives far away or has the usual time-demands, FDIC Consumer News offers some suggestions. More...

The test of a first-rate intelligence is the ability to hold two opposed ideas in the mind at the same time, and still retain the ability to function. - F. Scott Fitzgerald

Advertising



Copyright 2009-2018 GVC. All rights reserved.