Examlex
MATCHING
Identify the letter of the choice that best matches the phrase or definition.
-Procedure used to close the application
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.
Bond Indenture
A legal document specifying the terms and conditions under which a bond is issued.
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