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单词 Subordination trust
释义 後償信託
A device or mechanism used to subordinate the debt of a company. Under a subordination trust, the subordinate creditor (junior creditor) agrees, in consideration for the new lender (senior creditor) making the loan to the debtor, to claim the subordinated debt when it matures but to hold the proceeds of that debt on trust for the senior creditor until the senior creditor’s debt is paid in full. The use of such a trust effectively avoids the pari passu allotments that usually take place when paying out unsecured debt. See also Pari passu allotment; Subordinated loan.
用以使公司的債務置於次級債務的方法。根據後償信託,次要債權人(次級債權人)同意作為新貸款人(上級債權人)向債務人提供貸款的代價,在次級債務到期時提出申索,然後以信託形式為上級債權人持有債務的實收款項直到上級債權人的債務完全償付為止。使用後償信託有效地避開,通常用以償還沒有抵押債務的平等分配。另見 Pari passu allotment; Subordinated loan。
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更新时间:2025/6/20 14:08:08