A debt subordination is an agreement whereby one or more creditors of a common debtor agree to defer payment of their claims until the debtor is solvent again.

Name: A debt subordination is an agreement whereby one or more creditors of a common debtor agree to defer payment of their claims until the debtor is solvent again.
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A debt subordination is an agreement where one creditor agrees to have their claim ranked below the claims of other creditors, not necessarily related to the debtor's solvency.

A Debt Subordination Is an Agreement Whereby One or More