“Rights received by certain Investors through an investment which are superior to those of other Investors. An example would be liquidation priority during a bankruptcy, where senior lenders (Investors) would receive a return of principal or interest due to them before funds were paid to subordinated lenders or to equity Investors. Pertains to both debt and equity.”
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bsmith@carofin.com2019-03-08T17:34:41-05:00
