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Junior debt (subordinate debt)

Definition:

Debt whose holders have a claim on the firm's assets only after senior debtholder's claims have been satisfied. Subordinated debt.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

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Coattail investing

A risky trading practice of making trades similar to those of other successful investors, usually institutional investors.

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