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Prior lien bond |
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Prior lien bondA bond usually arising from reorganization with precedence over another bond of the same issuing company that is equally secured.Prior lien bond Similar MatchesPrior chargesPrior chargesThe fixed liabilities of an investment trust including loan capital and usually preference shares. The subtraction of these charges from total assets gives the net asset value of the trust. Prior charges may be expressed either at par value or current market value. Absolute priorityAbsolute priorityRule in bankruptcy proceedings requiring senior creditors to be paid in full before junior creditors receive any payment. Prioritization MatrixPrioritization MatrixA way to prioritize options by requiring the raters to work to consensus on priorities. Also known as a paired comparison technique., the tool pairs each option with each other, with row totals indicating weighting and ranking. Prior preferred stockPrior preferred stockPreferred stock that has a higher claim on all dividends and assets in liquidation than claims of other preferred stock. Rule of Absolute PriorityRule of Absolute PriorityA condition of bankruptcy proceedings under which junior (subordinated) claim holders can receive no payment until senior (priority) claim holders are paid in full. Further SuggestionsPriority |
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