United Glossary of Bankruptcy Terms 2012.
US Bankruptcy 2012.
Glossary of Bankruptcy.
claim — n [Old French, from clamer to call, claim, from Latin clamare to shout, proclaim] 1 a: a demand for something (as money) due or believed to be due; specif: a demand for a benefit (as under the workers compensation law) or contractual payment (as… … Law dictionary
subordination — sub·or·di·na·tion /sə ˌbȯrd ən ā shən/ n: an act or instance of subordinating; also: the remedy of subordinating a claim see also equitable subordination Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 … Law dictionary
Subordination (finance) — Subordination in banking and finance refers to the order of priorities in claims for ownership or interest in various assets.United States lawubordination of debtSubordination is the process by which a creditor is placed in a lower priority for… … Wikipedia
Subordination — may refer to one of the following.*Subordination in a hierarchy (in military, society, etc.) ** Subordination (trait), obedience *Subordination (linguistics) *Subordination (finance) *Subordination agreement, a legal document used to deprecate… … Wikipedia
subordination agreement — n: an agreement by which one party subordinates its claim to that of another Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. subordination agreement … Law dictionary
Subordination agreement — A subordination agreement is a legal document used to make the claim of one party junior to (or inferior to) a claim in favor of another. It is generally used to grant first lien status to a lienholder who would otherwise be secondary to another… … Wikipedia
Subordination Clause — A clause in an agreement which states that the current claim on any debts will take priority over any other claims formed in other agreements made in the future. Subordination is the act of yielding priority. A subordination clause effectively… … Investment dictionary
claim of right doctrine — As contemplated under doctrine of adverse possession is simply that claimant is in possession as owner, with intent to claim the land as his or her own, and not in recognition of or subordination to record title owner. Sisson v. Koelle, 10… … Black's law dictionary
claim of right doctrine — As contemplated under doctrine of adverse possession is simply that claimant is in possession as owner, with intent to claim the land as his or her own, and not in recognition of or subordination to record title owner. Sisson v. Koelle, 10… … Black's law dictionary
equitable subordination — n: the subordination of a creditor s claim in a bankruptcy proceeding imposed by the court when the creditor has an unfair advantage over other creditors because of improper conduct or an advantageous position (as of a corporate insider) Merriam… … Law dictionary
