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Why did the Articles of Confederation fail?
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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