Waterfall
Regulation & taxThe statutory order in which claims are paid in an insolvency.
In plain terms
Costs, secured creditors, workers, unsecured creditors, government, then equity. Equity usually gets nothing.
1492 terms
Glossary
Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.
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