preferred debt

noun

  • Business (Corporate) Law/Company Law
  • Bankruptcy Law

Definitions of preferred debt

  • a debt (=money owed) that must be paid before all other debts

    The investigation is focused on potential breaches of fiduciary duty on the part of the Emulex Board of Directors involving a buy-back of Company shares and the issuance of convertible preferred debt.

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Phrase Bank for preferred debt

Additional Notes for preferred debt