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- Finance and securities
- Securities
Quasi securities
Subordination can be regarded as a form of quasi security. It consists of an arrangement between lenders (and generally the borrower) in which it is agreed that one lender (or lenders), for example the junior creditors, will not demand repayment of the debt owed to them by the borrower until the debt owed to another creditor, for example the senior creditors, has been repaid in full.
See Quasi securities.
