TERMIUM Plus^®

Fiche 1,  Justifications,  Anglais

Record number: 1, Textual support number: 1 DEF

In the case of the liquidation of a company, this loan ranks behind all other creditors, but in front of those of the ordinary shareholders. Such a loan may be a bank loan or a loan given by the directors. Such loans are arranged when a business is in its infancy and is intended to reassure the trade and other creditors, so that there is no liquidity problem and credit terms are available. [Klein, Gerald. Dictionary of Banking. Pitman Publishing, 1995].  2, fiche 1, Anglais, - subordinated%20loan

Fiche 1,  Justifications,  Français

Record number: 1, Textual support number: 1 DEF

Emprunt qui, en cas de liquidation, occupe le rang d'exigibilité juste avant le capital, donc après toutes les dettes privilégiées et autres.  2, fiche 1, Français, - emprunt%20subordonn%C3%A9

Fiche 1,  Justifications,  Espagnol