uptiering
C2CEFR level
93/100Rarity: very rare
TechnicalRegister
A liability-management move in which a majority of lenders issue themselves priming debt, subordinating the non-participating minority.
The minority lenders sued after the uptiering shunted them beneath brand-new super-senior paper.
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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