|
|
Investing Glossary:
Subordination clause
Copyright 2013,
Campbell R. Harvey. All Rights Reserved.
Do not reproduce without explicit permission.
- S -
| Term: |
|
| Definition: |
| 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.
|
|
|
|  |
 |
FREE Trend Alerts
|
|
|