Capital structure: Difference between revisions

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{{g}}Of a {{csaprov|corporation}}, the arrangement, priority and ranking of its [[shareholder]]s, [[creditor]]s and [[debenture]]holders.
{{g}}:''They asked me for my place in the capital structure. I said I was [[senior unsecured]]. They fired me for insubordination.''
::—{{author|Hunter Barkley}}, {{br|The ISDA Protocol}} (as yet unpublished)
 
Of a {{csaprov|corporation}}, the arrangement, priority and ranking of its [[shareholder]]s, [[creditor]]s and [[debenture]]holders.


Usually, common shareholders at the bottom, then preferred shareholders, then [[subordinated debt|subordinated]] creditors, then unsecured (aka “ordinary”) [[Creditor|creditors]], then [[Secured loan|secured]] creditors.  
Usually, common shareholders at the bottom, then preferred shareholders, then [[subordinated debt|subordinated]] creditors, then unsecured (aka “ordinary”) [[Creditor|creditors]], then [[Secured loan|secured]] creditors.  

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