Subordination clause

A provision in a bond indenture that restricts the issuer's future borrowing by subordinating the new lender's claims on the firm to those of the existing bond holders. The New York Times Financial Glossary

Financial and business terms. 2012.

Look at other dictionaries:

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  • subordination clause — A provision in a bond indenture that restricts the issuer s future borrowing by subordinating future lenders claims on the firm to those of the existing bondholders. Bloomberg Financial Dictionary …   Financial and business terms

  • subordination clause — A covenant in a junior mortgage enabling the first lien to keep its priority in case of renewal or refinancing …   Black's law dictionary

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  • Equal Protection Clause — The Equal Protection Clause, part of the Fourteenth Amendment to the United States Constitution, provides that no state shall… deny to any person within its jurisdiction the equal protection of the laws. [… …   Wikipedia

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  • HEBREW GRAMMAR — The following entry is divided into two sections: an Introduction for the non specialist and (II) a detailed survey. [i] HEBREW GRAMMAR: AN INTRODUCTION There are four main phases in the history of the Hebrew language: the biblical or classical,… …   Encyclopedia of Judaism

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