mathman9761 mathman9761
  • 08-03-2018
  • Business
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"which type of debt is given preference in the event of default"

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MrsTriplet MrsTriplet
  • 17-03-2018
Senior debt is given preference in the event of debt default. 

The order in the hierarchy is:
Senior Debt
Subordinated Debt
Preferred Equity 
Common Equity

From top to bottom this order shows the lowest to highest risk but the highest priority of repayment to lowest priority of repayment. 
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