Absolute priority

• Rule in bankruptcy proceedings whereby senior creditors are required to be paid in full before junior creditors receive any payment.

 Embedded terms in definition

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Beware of fraud originating in phone messages and faxes: FDIC Consumer News has warned before about crooks who call or e-mail consumers and pretend to be legitimate companies or government agencies wanting people to "verify" or "resubmit" (divulge) confidential information such as bank account or credit card numbers as well as Social Security numbers, passwords and personal identification numbers. Here are variations to know about. More...

Instruction does much, but encouragement does everything. Johann Wolfgang Von Goethe


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