FOLIO Ontology

Identification

IRI:
https://folio.openlegalstandard.org/R99hAIIt4d9M4gVLWNXntqw
Label Junior Subordinated Credit Ranking
Preferred Label Lowest Priority Debt
Identifier N/A
Alternative Labels
Bottom Tier Debt Bottom-Rank Subordinated Debt

Definition

Junior Subordinated Credit Ranking refers to the priority status of junior subordinated debts, which are ranked below all other debts, including senior, senior subordinated, and junior debts, in the event of liquidation. This ranking ensures that junior subordinated creditors are the last to be paid from the proceeds of the liquidated assets, providing them with the lowest level of security and the highest risk compared to other creditors.

Class Relationships

Sub Class Of

Is Defined By

N/A

See Also

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Parent Class Of 0

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Class Hierarchy Visualization

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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