Examlex
Explain why some critics worry that American multinationals are causing countries around the globe to lose their individual identities. Give an example of the "Americanizing" of the world's cultures.
Subordinated Debt
A class of debt which ranks below other debts with regard to claims on assets or earnings.
Priority of Repayment
A hierarchy or order in which obligations and debts are to be paid, particularly relevant in bankruptcies and when liquidating assets.
Bond Indenture
A legal document specifying the terms and conditions under which a bond is issued.
Sinking Fund
A Sinking Fund is a fund established by an issuer of a bond to repay the principal amount of the bond at maturity, usually by setting aside funds over a period of time.
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