TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

UNSUBORDINATED DEBT [1 record]

Record 1 2021-07-21

English

Subject field(s)
  • Commercial Law
  • Loans
DEF

A priority right allowing its holder (the creditor) to demand payment from a debtor before any other creditor, when the debtor is in default of payment.

CONT

Because [public income notes] are unsubordinated (also called senior debt), they have precedence over other loans or securities in the event that the issuing company should default. This means that an investor holding [public income notes] faces less default risk than with subordinated debt ... because holders of unsubordinated debt are at the front of the line to be repaid.

French

Domaine(s)
  • Droit commercial
  • Prêts et emprunts
DEF

Droit prioritaire permettant à son titulaire (le créancier) d'exiger d'un débiteur de le payer avant tout autre créancier, lorsque le débiteur se trouve en défaut de paiement.

Spanish

Campo(s) temático(s)
  • Derecho mercantil
  • Préstamos
DEF

Deuda que tiene mayor prelación en caso de liquidación de una sociedad que otras.

OBS

deuda preferente: término y definición extraídos del CAPITAL Business Dictionary con la autorización de LID Editorial Empresarial.

Key term(s)
  • deuda senior
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