Absolute Priority Rule
The principle that a senior class must be paid in full before a junior class receives anything in a reorganisation or liquidation. In a US Chapter 11 a plan can depart from it only if the senior class affected accepts the plan, which is why negotiated plans sometimes give a junior class a small distribution the rule alone would not.
Keep reading
Credit and restructuring modelsRelated Restructuring terms
Go further than reading
The written material is free. These are the ways to get it applied to your own work.
CV Review by a Human
Written margin-note feedback on structure, impact bullets and ATS-readability. Reviewed by Suro, not an AI score.
$25 48h turnaround
Cover Letter Review by a Human
Line-by-line review of argument, tailoring and tone, with a rewritten opening as a worked example.
$50 48h turnaround
L3VLUP Pro
The subscription: personalised alerts, Apply Packs, every answer marked, full history and the whole research library.
$25 /month
Browse the full glossary — 329 finance recruiting and technical terms, in plain English.