bond-basics

Subordinate Lien Bonds

Bonds having a subordinate claim on one or more Security Interests relative to the claim against such Security Interests by the holders of other Bonds, also known as “junior lien bonds.” 

See Also

Parity Debt

Two or more issues of bonds with the same priority of claim or lien on the same underlying security and sources of repayment (i.e., revenues) for all of the bonds.

Senior Lien Bonds

Bonds having a priority claim on one or more security interests relative to the claim against such security interests by the holders of other bonds.

Hudson Yards Rail Yards

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