# Mezzanine tranche

- Canonical URL: https://www.gerhardmerk.de/mezzanine-tranche
- Post ID: 594994
- Modified: 2023-07-25T21:03:06+00:00
- Language: en

## Definition

In the course of a true sale securitization, the second-degree claimants. The holders of the senior tranche are served first, followed by the holders of the first-loss tranche (equity tranche, junior tranche). - See equity kicker, originate-to-distribute strategy, tranche, tranche thickness, securitization, waterfall principle. - Cf. 2004 Annual Report of BaFin, p. 30 f., Monthly Report of Deutsche Bundesbank of April 2007, p. 16 f. (position of mezzanine creditors in a leveraged buy-out). Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec. Professor Dr. Eckehard Krah, Dipl.rer.pol. E-mail address: info@ekrah.com https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk https://www.jung-stilling-gesellschaft.de/merk/ https://www.gerhardmerk.de/

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