Unless otherwise defined, the contractually agreed priority of an investment over equity or mezzanine capital in the event of a company’s bankruptcy (the benefit of ranking ahead of the claims of other creditors in right of payment in the case of liquidation). – See London procedure, subordinated debt.
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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/