GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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22:17 Jul 2, 2006 |
Swedish to English translations [PRO] Bus/Financial - Business/Commerce (general) | |||||||
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| Selected response from: Larry Abramson United States Local time: 07:22 | ||||||
Grading comment
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Summary of answers provided | ||||
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5 +4 | subordinated loan |
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subordinated loan Explanation: Loans have priority, usually in the order their liens attach to a property or lender. However, some lenders (shareholders or government agencies, mainly), may agree to subordinate their loan in order to allow the borrower to receive more financing from another source. -------------------------------------------------- Note added at 44 mins (2006-07-02 23:01:19 GMT) -------------------------------------------------- I should also add that such a loan document in corporate settings is often called a subordinated debenture. |
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