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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 >>

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