intercreditor agreement
C2CEFR level
92/100Rarity: very rare
TechnicalRegister
An agreement among a borrower's creditors regulating the ranking, subordination and enforcement of their respective claims and security.
The mezzanine lenders agreed to stand behind the senior banks under the intercreditor agreement.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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