Construct · 1 fields · 1 citations

absolute priority rule: a standalone construct

One name. One construct. A landmark on the map.

● anchor · a standalone construct Nearest construct by meaning·not indexed

A single standalone construct; nearby constructs are located against it in the Collider. Tap a field for its definition, unit, and measures.

Bankruptcy law

the reorganization rule that senior claimants must be paid in full before junior claimants or equity receive anything under a plan.

In bankruptcy law, absolute priority rule refers to the reorganization rule that senior claimants must be paid in full before junior claimants or equity receive anything under a plan. This meaning comes from Baird (1988) in The University of Chicago Law Review.[1]

Unit
Recovery means
Measured by

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Nearby constructs

absolute2 fields · 2 citationsjingle · one word, two constructs equity4 fields · 4 citationsjingle · one word, four constructs must2 fields · 2 citationsjingle · one word, two constructs

References

Baird, D. G., & Jackson, T. H. (1988). Bargaining after the Fall and the Contours of the Absolute Priority Rule. The University of Chicago Law Review, 55(3), 738. https://doi.org/10.2307/1599702

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