Second Lien Loan
The vast majority of all second lien loans are senior secured obligations of the borrower. Second lien loans differ from both unsecured debt and subordinated debt.
Read more about Second Lien Loan: Second Lien and First Lien Secured Loans, Second Lien and Unsecured Debt, Second Lien and Subordinated Debt, Application in Leveraged Buyouts, See Also
Famous quotes containing the word loan:
“Neither a borrower nor a lender be,
For loan oft loses both itself and friend,
And borrowing dulls the edge of husbandry.
This above all: to thine own self be true,
And it must follow, as the night the day,
Thou canst not then be false to any man.”
—William Shakespeare (1564–1616)