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Junior Debt

Junior Debt defined:┬áJunior debt is debt that is either unsecured or has a lower priority than of another debt claim on the same asset or property. Junior debt is lower in repayment priority than other debts in the event of the issuer’s default. Junior debt is usually an unsecured form of debt, meaning there is no collateral behind the debt.

Above is a definition for “Junior Debt” from PrivCo’s Private Company Knowledge Bank, the definitive online and e-book guide to private companies and private company deals.

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