Unsecured debt is defined as the borrowing of money, as well as bills payable, that are not directly backed or guaranteed through a pledge of any asset as collateral. In the eventuality of a default on this debt, the creditor cannot recover the loan and the only option is to try renegotiating or… View Full Term
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What is mezzinine financing and when is it used? This whitepaper by Bond Capital provides a comprehensive overview of this layer of capital that fills the gap between senior debt and equity.
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