TERMIUM Plus®

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

OBLIGATION HYPOTHECAIRE PREMIER RANG [1 record]

Record 1 2003-07-11

English

Subject field(s)
  • Investment
DEF

The senior securities of a company which constitute a first charge on the company's assets, earnings and undertakings before unsecured current liabilities are paid. It is necessary to study each first mortgage issue to ascertain exactly what properties are covered by the mortgage.

OBS

Compare with "general mortgage bond" and "second mortgage bond".

French

Domaine(s)
  • Investissements et placements
DEF

Obligation assortie d'une hypothèque de premier rang. Le document d'émission constate à la fois l'emprunt obligataire et la constitution de l'hypothèque.

Spanish

Campo(s) temático(s)
  • Inversiones
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