Unsecured debt
In the case of a company or bank going into liquidation there are several levels of debt guarantee: secured, preferential and unsecured. The unsecured debts are last in line to be paid after the others have been paid in full, or as fully as possible. Depending on the assets remaining the unsecured creditors may receive a small percentage of what they are owed or even nothing at all; this justifies a higher interest Interest An amount paid in remuneration of an investment or received by a lender. Interest is calculated on the amount of the capital invested or borrowed, the duration of the operation and the rate that has been set. -rate when the companies borrow from unsecured and/or non-preferential creditors.
- ABS / Asset backed security
- Asset
- Balance of payments
- Balance
- Bank for International Settlements / BIS
- Banker’s guarantee
- Bond market
- Bond
- CDO / Collateralized Debt Obligations
- CDS / Credit Default Swaps
- Central Bank
- CFTC / Commodity Futures Trading Commission
- Chicago Boys
- CLO / Collateralized Loan Obligation
- CMBS / Commercial Mortgage Backed Securities
- Collateral
- Commodities
- Common goods
- Corporate bonds
- Credit derivative
- Debt refinancing
- Debt rescheduling
- Debt service
- Debt stock
- Deposit or commercial bank
- Derivatives
- Devaluation
- EBA / European Banking Authority
- ECB / European Central Bank
- Emergency Liquidity Assistance / ELA
- Equity
- ESM / European Stability Mechanism
- EURIBOR / Euro Interbank Offered Rate
- Export Credit Agency
- FED / Federal Reserve
- Financial contracts
- Financial instruments
- Financial market
- Financial proceeds
- Financial securities
- Food crops
- FSB / Financial Stability Board
- Futures market
- Futures
- G20
- G8
- GDP / Gross Domestic Product
- Genetically Modified Organisms / GMO
- Goodwill
- Government debt
CADTM
COMMITTEE FOR THE ABOLITION OF ILLEGITIMATE DEBT
8 rue Jonfosse
4000 - Liège- Belgique
00324 60 97 96 80
info@cadtm.org
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