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Senior unsecured creditor: Difference between revisions
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{{ | {{a|banking|}}The normal place for a [[creditor]] who has not agreed some form of security-based credit enhancement with the debtor. You rank ahead of equity holders and other [[subordinated creditor]]s, but (to the extent of their security) behind [[secured creditor]]s. | ||
Unless you have made special arrangements otherwise, you are likely to be a senior unsecured creditor of anyone who owes you money. | Unless you have made special arrangements otherwise, you are likely to be a [[senior unsecured creditor]] of anyone who owes you money. | ||
Sometimes, a little confusingly, called [[pari passu]] - but that just means “ranking equally”, so isn't specific to [[senior unsecured]] creditors. Subordinated creditors also rank [[pari passu]], amongst themselves. | Sometimes, a little confusingly, called [[pari passu]] - but that just means “ranking equally”, so isn't specific to [[senior unsecured]] creditors. Subordinated creditors also rank [[pari passu]], amongst themselves. | ||
{{Sa}} | |||
*[[Capital structure]] | |||