One creditor’s lien or claim being rendered inferior to another, usually by voluntary agreement but sometimes by judicial decree.
Bankruptcy Code § 510. See also Equitable Subordination, Intercreditor Agreement, Subordination Agreement.
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One creditor’s lien or claim being rendered inferior to another, usually by voluntary agreement but sometimes by judicial decree.
Bankruptcy Code § 510. See also Equitable Subordination, Intercreditor Agreement, Subordination Agreement.