FOLIO Ontology

Identification

IRI:
https://folio.openlegalstandard.org/R8Gb3dVBy5POvEQPuNpy0A9
Label Senior Credit Ranking
Preferred Label Senior Debt Priority
Identifier N/A
Alternative Labels
Senior Debt Ranking

Definition

Senior Credit Ranking refers to the priority status of senior debts, which are ranked above senior subordinated, junior, and junior subordinated debts in the event of liquidation. This ranking ensures that senior creditors are paid first from the proceeds of the liquidated assets, providing them with a higher level of security and reducing their risk exposure.

Class Relationships

Sub Class Of

Is Defined By

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See Also

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Parent Class Of 0

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Class Hierarchy Visualization

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

Additional Information

Metadata

Comment

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Description

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Notes

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Editorial Information

History Note

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Editorial Note

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Deprecated

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Source and Origin

No source or origin information available