Which Joe gave his name to ‘sloppy joes’? We look at five interesting sandwiches and their lexical origins.
A debt owed to an unsecured creditor that can only be paid, in the event of a liquidation, after the claims of secured creditors have been met.
- ‘The company also won a 30 million euro waiver on some of its subordinated debt.’
- ‘The tier-II capitalisation route is not attractive because securities are treated as subordinated debts as long as the maturity period does not exceed five years.’
- ‘There could be a couple of different debt tiers, maybe using some kind of subordinated debt.’
- ‘Certain transaction types are also a good fit for subordinated debt, including management buy-outs and acquisitions.’
- ‘It is noteworthy that neither the Insolvency Act 1986 nor the Insolvency Rules contain any provision to deal specifically with the treatment of subordinated debts.’
We take a look at several popular, though confusing, punctuation marks.
From Afghanistan to Zimbabwe, discover surprising and intriguing language facts from around the globe.
The definitions of ‘buddy’ and ‘bro’ in the OED have recently been revised. We explore their history and increase in popularity.