mezzanine
C1CEFR level
72/100Rarity: rare
TechnicalRegister
Law noun
Financing that ranks between senior debt and equity, typically carrying higher returns and risk.
The buy-out was funded partly by mezzanine, which sat below the bank facility but above the shareholders' equity.
Business noun
Financing that ranks between senior debt and equity, often carrying warrants or equity upside.
The sponsor plugged the funding gap with a slug of mezzanine paying twelve percent plus warrants.
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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