Kredi
birinci derece borc
İngilizce: unsubordinated debt
Türkçe Tanım
Birinci derece borc, kidemli borc olarak da bilinen, borcalinin sermaye yapisinda teminatsiz alacaklar arasinda en yuksek oncelik duzeyinde yer alan yukumluluk sinifidir. Iflas veya tasfiyede birinci derece borc sahipleri, talien borc sahipleri ve ozkaynak yatirimcilarindan oence geri odeme alirlar. Bu oncelik konumlandirmasi, birinci derece borc enstrumanlarini genellikle daha az riskli ve dolayisiyla alt dilimlerden daha duesuk getirili kilar.
English Definition
Unsubordinated debt, also known as senior debt, is a class of obligation that ranks at the highest priority level among unsecured claims in the borrower's capital structure. In bankruptcy or liquidation, holders of unsubordinated debt are repaid before subordinated debt holders and equity investors. This priority positioning makes unsubordinated debt instruments generally less risky and consequently lower-yielding than junior tranches.