Examlex
The Weather Channel reported that normal snowfall is 138.44 inches for Lexington County. This winter the following snowfall occurred: How much was the snowfall below normal?
Term Structure
The term structure represents the relationship between the interest rates and the different maturities of debt securities, often depicted in the form of a yield curve.
Junk Bonds
High-risk and high-yield bonds rated below investment grade by credit rating agencies.
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.
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