TERMIUM Plus®

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

SUBORDINATED LOAN [2 records]

Filter results by subject field Alphabetical list of terms

Filter results by subject field

Alphabetical list of terms

Record 1 2004-09-15

English

Subject field(s)
  • Banking
DEF

A loan where repayment is made subject to other conditions being met, normally repayment of other loans which are deemed to be "senior" (often because they are secured).

CONT

Common examples of these facilities [first loss protection] include overcollateralization, recourse provisions, senior/subordinated security structures, subordinated standby lines of credit, subordinated loans, third party equity, commitments to purchase assets in default and any arrangement that defers receipt of sales proceeds such as spread accounts. [Office of the Superintendent of Financial Institutions].

Key term(s)
  • subordinate loan

French

Domaine(s)
  • Banque
CONT

Parmi les exemples courants de ce type de protection [protection de premier niveau], mentionnons les garanties supplémentaires, les dispositions de recours, une structure titres privilégiés - titres subordonnés, les lignes de crédit subordonnées , les prêts subordonnés, les avoirs de tiers, les engagements d'achat d'actifs en défaut et tout accord qui a pour effet de reporter la réception du produit de la vente, comme des comptes d'écart. [Bureau du surintendant des institutions financières].

Spanish

Campo(s) temático(s)
  • Operaciones bancarias
Save record 1

Record 2 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

Save record 2

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