Business Loans Glossary: Subordination

Business Loans Glossary: Subordination

The act of a creditor acknowledging in writing that a debt due him or her by a debtor shall be inferior to the debt due another creditor by the same debtor.







 



Other terms explained in the Business Loans Glossary


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Main Page Article Id: 142 - Version: 3 - Created: 26-02-2008 - Last Updated: 26-03-2008 - Hits: 1085   
Categories: Glossary

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