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Rule of absolute priority
| Глоссарий экономических терминов |
A condition of bankruptcy proceedings under which junior (subordinated) claim holders can receive no payment until senior (priority) claim holders are paid in full.
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Bankruptcy, английский
- Банкротство. несостоятельность.
- Банкротство, состояние неплатежеспособности (невозможности выполнить обязательства) физического или юридического лица или юридические действия суда в отношении юридического или физического лица, не способного выполнять свои обязательства перед кредиторами
- Inability to pay debts. in bankruptcy of a publicly owned entity, the ownership of the firm`s assets is transferred from the stockholders to the bondholders.
- Legally declared unable to pay your debts. bankruptcy can severely impact your credit and your ability to borrow money.
- Bankruptcy describes the legal situation of a person not having enough money to pay his or her debts. if an employee is or becomes bankrupt then he or she may be obliged under the contract of employment to inform his or her employer of that fact. bankruptcy can also exclude people from certain jobs such as working for the government and many job application forms specifically ask whether or not a person is currently bankrupt. 6. bear/borne: to bear means to accept responsibility for something or to pay for something and appears in phrases such as ‘to bear a cost’. the word is often used in the passive form in contracts, for example, ‘all travel costs will be borne by the employer’.
Proceedings, английский
Производство (юр.)
Subordinated, английский
A claim ranked lower in priority than other claims. common stock claims are always subordinated to debt.
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Growing perpetuity, английский
A constant stream of cash flows without end that is expected to rise indefinitely.
Sinking fund requirement, английский
A condition included in some corporate bond indentures that requires the issuer to retire a specified portion of debt each year. any principal due at maturity is called the balloon maturity.
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