because default is likely.
This example is from Wikipedia and may be reused under a CC BY-SA license.
Usually, it is the most
juniordebt in the company's debt portfolio, and since this loan belongs to shareholders it should be treated as equity.
From
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.
If this happens, the
juniordebt still exists, but may become unsecured.
From
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.
These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.