second lien loan Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “second lien loan” in the English Dictionary

"second lien loan" in Business English

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second lien loannoun [C]

uk   us  
FINANCE, LAW a ​loan to a ​company where the ​lender has the ​right to particular ​assets of the ​company if it goes ​bankrupt, but only after other ​lenders have received their ​share of ​assets: HSBC revealed that almost 6% of its second ​lienloans were more than 60 days in ​arrears.
(Definition of second lien loan from the Cambridge Business English Dictionary © Cambridge University Press)
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