Mezzanine capital
Definition
In a company's capital structure, mezzanine capital is senior to common shares but junior to secured debt or senior debt. Mezzanine capital refers to subordinated debt or preferred equity and is usually more expensive for the issuer than issuing senior debt. Mezzanine debt See: Mezzanine capital
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Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University
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Replacement cost insurance
Insurance that pays out the full amount required to replace damaged property with new property, without taking into account the depreciated value of the property.
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