|
|
In relation to credit standing, the ranking of a security refers to where that particular security would stand in a wind up of the issuing company. For instance capital notes are subordinated securities meaning that they would rank behind senior debt in a wind up. In other words the holders of senior debt would be paid out before subordinated debt holders received any funds.
|
The infomation above is licensed under the GNU Free Documentation License and is derived from The Free Encyclopedia.com
|
|
|
|
Copyright ©
InvestorDictionary.com - All rights reserved.