Junior Security

外汇网2021-06-19 13:34:53 103

A security that ranks lower than other securities in regards to the owner's claims on assets and income in the event of the issuer becoming insolvent.

Taobiz explains Junior Security

When bankruptcy occurs, holders of both pferred shares and debt securities have first claim on the remaining assets. Only after pferred shareholders have been paid back, remaining assets (if any) are pided among common shareholders.

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