A __________ is an agreement whereby one or more creditors of a common debtor agree to defer payment of their claims until another creditor of the same debtor is fully paid.

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Debt subordination is an agreement between two or more creditors of a common debtor, where one creditor agrees to defer payment of their claims until another creditor of the same debtor is fully paid. This means that the subordinated creditor will only receive payment after the senior creditor has been fully satisfied. This is often done to incentivize other creditors to extend credit to the debtor, as it gives the senior creditor priority in repayment.

A __________ Is an Agreement Whereby One or More Creditors