FOLIO Ontology

Identification

IRI:
https://folio.openlegalstandard.org/R7mL8NoasPohW19RcS9oqik
Label Senior Subordinated Credit Ranking
Preferred Label Senior Subordinated Debt Priority
Identifier N/A
Alternative Labels

None

Definition

Senior Subordinated Credit Ranking refers to the priority status of senior subordinated debts, which are ranked above junior and junior subordinated debts but below senior debts in the event of liquidation. This ranking ensures that senior subordinated creditors are paid before junior creditors from the proceeds of the liquidated assets, providing them with a moderate level of security and reduced risk compared to junior debts.

Class Relationships

Sub Class Of

Is Defined By

N/A

See Also

None

Parent Class Of 0

  • None

Class Hierarchy Visualization

Interactive graph showing class relationships - click on any node to navigate to that class

Additional Information

Metadata

Comment

None

Description

None

Notes

  • None

Editorial Information

History Note

None

Editorial Note

None

Deprecated

No

Source and Origin

No source or origin information available