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rule of absolute priority meaning

  • [Finance]
    A condition of bankruptcy proceedings under which junior (subordinated) claim holders can receive no payment until senior (priority) claim holders are paid in full.

Related Words

  1. rule joint meaning
  2. rule lob-5 meaning
  3. rule of 18 meaning
  4. rule of 72 meaning
  5. rule of 78 meaning
  6. rule of cy pres meaning
  7. rule of evidence meaning
  8. rule of faith meaning
  9. rule of grammar meaning
  10. rule of law meaning
PC Version