efterställt lån

English translation: subordinated loan

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Swedish term or phrase:efterställt lån
English translation:subordinated loan
Entered by: stephen mewes

22:17 Jul 2, 2006
Swedish to English translations [PRO]
Bus/Financial - Business/Commerce (general)
Swedish term or phrase: efterställt lån
xxx har erhållit ett efterställt lån från Staten på 1 000 MSEK enligt en låneöverenskommelse 1995-07-03. Syftet med lånet är, enligt överenskommelsens 4.1, att ”support the Borrower in financing the development, planning, design, engineering, construction and completion of Arlandabanan […] or otherwise the Project”.
stephen mewes
United Kingdom
Local time: 11:22
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.

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Note added at 44 mins (2006-07-02 23:01:19 GMT)
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I should also add that such a loan document in corporate settings is often called a subordinated debenture.
Selected response from:

Larry Abramson
United States
Local time: 07:22
Grading comment
4 KudoZ points were awarded for this answer



Summary of answers provided
5 +4subordinated loan
Larry Abramson


  

Answers


41 mins   confidence: Answerer confidence 5/5 peer agreement (net): +4
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.

Larry Abramson
United States
Local time: 07:22
Works in field
Native speaker of: English
PRO pts in category: 55

Peer comments on this answer (and responses from the answerer)
agree  gperdin: Yep.
8 hrs

agree  Neil Crockford
8 hrs

agree  Des Price
11 hrs

agree  Adrian MM. (X): i.e. ranks after other loans in priority
12 hrs
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