Recovery Waterfall
The order in which value is distributed in a restructuring or liquidation: secured creditors, then unsecured, then subordinated, then preferred, then equity — each class paid in full before the next receives anything (absolute priority).
Go deeper
This term comes up constantly in restructuring interviews and on the desk.
Investment Banking interview prepRelated 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
Inner Circle
Membership: premium tools, role intros, the private community and members-only intel.
$79 /month
Browse the full glossary — 150+ finance recruiting and technical terms, in plain English.