Nolo’s Plain-English Law Dictionary. Gerald N. Hill, Kathleen Thompson Hill. 2009.
Debt — • That which is owed or due to another; in general, anything which one person is under an obligation to pay or render to another Catholic Encyclopedia. Kevin Knight. 2006. Debt Debt … Catholic encyclopedia
priority — pri·or·i·ty 1 /prī ȯr ə tē/ n pl ties: precedence in exercise of rights in the same subject matter secured interests have priority over unsecured ones priority 2 adj 1: having precedence over another in the exercise of rights in the same subject … Law dictionary
debt funder — a provider of debt finance to a project. In this context, the term covers a provider of third party debt finance, including bank debt and bond finance, but excludes subordinated debt provided by a sponsor as a substitute for equity. Also known as … Law dictionary
priority of mortgages — Where there are two or more mortgages secured on a property, the order in which the lenders are entitled to be repaid when the property has to be sold. The priority is a concern where there are insufficient funds to repay all of the lenders in… … Law dictionary
Debt management plan — A Debt Management Plan (DMP) is a method used in various countries for paying personal unsecured debts. Typically, such debts are out of control – payments are late and/or take too large a portion of income, or even exceed it. A DMP usually… … Wikipedia
priority — Used for listed equity securities. System used in an auction market, in which the first bid or offer price is executed before other bid and offer prices, even if subsequent orders are larger. NYSE rules stipulate that the bid made first should be … Financial and business terms
Subordinated debt — Debt over which senior debt takes priority. In the event of bankruptcy, subordinated debtholders receive payment only after senior debt claims are paid in full. The New York Times Financial Glossary * * * subordinated debt subordinated debt ➔… … Financial and business terms
subordinated debt — debt over which senior debt takes priority. In the event of bankruptcy, subordinated debtholders receive payment only after senior debt claims are paid in full. Bloomberg Financial Dictionary * * * subordinated debt subordinated debt ➔ debt * * * … Financial and business terms
Preferred Debt — Debt that is considered more important or has priority over other types of debt. This form of debt obligation has to be paid first and its lien position takes precedence over other debt and equity positions. For example, a first mortgage would be … Investment dictionary
Collateralized debt obligation — Financial markets Public market Exchange Securities Bond market Fixed income Corporate bond Government bond Municipal bond … Wikipedia
