Search Elements:
- Taxonomy
- us-gaap
- Name
- SeniorSubordinatedLoansMember
- Label
- Senior Subordinated Loans [Member]
- Period Type
- duration
- Type
- dtr-types:domainItemType
- Definition
- A senior subordinated loan takes priority over other debt securities sold by the issuer. In the event the issuer goes bankrupt, senior subordinated debt holders receive priority for [must receive] repayment [prior] relative to junior and unsecured (general) creditors. However senior subordinated loans are junior to Senior Notes and loans and Senior bond holders.
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