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If the company files for priority over preferred and common equity. They're paid after first lienholders.
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If the company files for priority over preferred and common equity. They're paid after first lienholders.
A study in the year found that banks issue such a debt to grow their risk level. Related Terms. ClearOne App. Tax Consultant Services. Second-Lien Debt: Definition, Risks, Example Second-lien debt, also referred to as junior debt, is subordinate to senior debt in the event of a bankruptcy or credit event.
