TERMIUM Plus®

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EMPRUNT SUBORDONNE [1 record]

Filter results by subject field Alphabetical list of terms

Filter results by subject field

Alphabetical list of terms

Record 1 1998-10-27

English

Subject field(s)
  • Loans
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].

French

Domaine(s)
  • Prêts et emprunts
DEF

Emprunt qui, en cas de liquidation, occupe le rang d'exigibilité juste avant le capital, donc après toutes les dettes privilégiées et autres.

Spanish

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