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Kenyantykoon's Blog
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SENIOR & SUBORDINATED CORPORATE DEBT EXPLAINED Posted: November 3rd, 2009, 4:21am CST by kenyantykoon
Yesterday’s post was about corporate debt of which there are two types secured & unsecured debt and senior & subordinated debt. We will look at the latter in this post Senior debt is a secured debt in that it is the primary debt that is paid off in the unfortunate event of an issuer’s bankruptcy. Most [...]