Capital structure: Difference between revisions

{{a|banking|}}{{quote|''They asked me where I thought I stood in the organisation. I said I was [[senior unsecured]]. They fired me — for insubordination.''

::—{{author|Hunter Barkley}}’s forthcoming {{br|The ISDA Protocol}} (as yet unpublished and, come to think of it, unwritten)}}

Of a [[corporation]], the arrangement, priority and ranking of its [[shareholder]]s, [[creditor]]s and [[debenture]]holders. Usually, common shareholders at the bottom, then [[preferred shareholder]]s, then [[subordinated]] creditors, then unsecured (aka “ordinary”) [[Creditor|creditors]], then [[Secured loan|secured]] creditors.