Subordination clause definitions

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.
Found on http://www.duke.edu/~charvey/Classes/wpg/bfgloss.htm

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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.
Found on http://www.encyclo.co.uk/local/20047

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Subordination Clause

Debt over which senior debt takes priority. In the event of bankruptcy, subordinated debtholders rec
Found on http://www.encyclo.co.uk/local/22402

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