Subordinated debt or mezzanine capital. Subordination refers to the servicing of the lenders in the event of insolvency (the debt is repaid after the claims of the other creditors, in particular the senior creditors, have been settled. Subordinated debt is also called junior debt). – See seniority, senior tranche.
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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/