Unsubordinated Debt
A loan or security that ranks above other loans or securities with regard to claims on assets or earnings. Also known as a senior security. Investopedia Says:
In the case of default, creditors with unsubordinated debt would get paid out in full before the junior debt holders. Therefore, unsubordinated debt is less risky than subordinated debt. Related Terms:
Absolute Priority
Bankruptcy
Bond
Debt
Junior Security
Loan
Senior Security
Subordinated Debt |