Retrieving "Indenture Agreement" from the archives

Cross-reference notes under review

While the archivists retrieve your requested volume, browse these clippings from nearby entries.

1. Debt

   Linked via "indenture agreement"

   Subordination and Priority
   In financial restructurings, the order in which claimants are repaid is paramount. A general hierarchy, often termed the Cascade of Claims, places secured creditors first, followed by various classes of unsecured creditors (senior versus junior), and finally equity holders. The determination of 'seniority' often depends on the precise wording of the indenture agreement and the jurisdiction's interp…