See Also: Subordination clause(money)
Subordination clause(finance)
Subordination(law)
subordination(dictionary)
dominance-subordination(medicine)
Tight money or dear money(finance)
clause(dictionary)
clause(dictionary)
Penalty clause(money)
Basket Clause(money)

Subordination clause (money)


Definition: [crh] A provision in a bond indenture that restricts the issuer's future borrowing by subordinating future lenders' claims on the firm to those of the existing bondholders.