5 Simple Statements About rank Explained

5 Simple Statements About rank Explained

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{For instance, cash notes are subordinated securities; they'd rank driving senior debt in a end up. Quite simply, the holders of senior financial debt would be compensated out ahead of subordinated financial debt holders been given any cash.

Include to phrase listing Insert to term listing C1 [ C or U ] a posture in a corporation, including the Military, showing the importance of the person getting it:

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