Prior lien bond

 

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Prior lien bond

A bond usually arising from reorganization with precedence over another bond of the same issuing company that is equally secured.



Prior lien bond

Similar Matches

Prioritization Matrix

Prioritization Matrix

A 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 stock

Prior preferred stock

Preferred stock that has a higher claim on all dividends and assets in liquidation than claims of other preferred stock.


Absolute priority

Absolute priority

Rule in bankruptcy proceedings requiring senior creditors to be paid in full before junior creditors receive any payment.


Prior charges

Prior charges

The 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.


Priority

Priority

Used for listed equity securities. System used in an auction market, in which the first bid or offer price is executed before other bid and offer prices, even if subsequent orders are larger. NYSE rules stipulate that the bid made first should be executed first, or if two bids came in at once, the bid for the large number of shares receives "priority." The bid not executed is then turned to the broker, who informs the customer that the trade was not completed because there was stock ahead. See: Standing.


Further Suggestions

Rule of Absolute Priority


 
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