Senior Debt Priority

Senior Credit Ranking - 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 Information

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Identification

IRI: https://folio.openlegalstandard.org/R8Gb3dVBy5POvEQPuNpy0A9
Label (rdfs): Senior Credit Ranking
Preferred Label: Senior Debt Priority
Alternative Labels: Senior Debt Ranking
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Definition and Examples

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.
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Translations

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Class Relationships

Sub Class Of: Credit Arrangement
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Additional Information

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Deprecated: False

Metadata

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