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Ranking of long term capital

This topic has 3 replies, 3 voices, and was last updated 8 years ago by John Moffat.

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November 18, 2016 at 8:33 am #349741
abdulbasit16
Member
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Sir could u kindly let me know if this is correct for ranking long term capital in order of preference at liquidation?
Straight debt
Convertible debt
Unsecured debt
Preference shares
Ordinary shares
November 18, 2016 at 3:18 pm #349832
John Moffat
Keymaster
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Correct 🙂
November 22, 2016 at 3:31 pm #350672
nadia
Member
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Secured debt will be above convertibles in the list or below?
November 22, 2016 at 4:45 pm #350700
John Moffat
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Above – I assume that is what he was meaning by ‘straight debt’
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