Advertising

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
 Bankruptcy
Senior

<< Abs Acats >>

Helping Disabled or Elderly Relatives With Money Management, Even From Far Away: Millions of people serve as financial caregivers for ill or elderly spouses, parents, children or other loved ones. They perform services that include paying bills, handling deposits and investments, filing insurance claims and preparing taxes. Because this role can be costly and physically and emotionally exhausting, especially for a caregiver who lives far away or has the usual time-demands, FDIC Consumer News offers some suggestions. More...

The worst bankruptcy in the world is the person who has lost his enthusiasm. - H. W. Arnold

Advertising



Copyright 2009-2017 GVC. All rights reserved.