Law Dictionary

equitable subordination

noun

Legal Definition of equitable subordination

  1. :  the subordination of a creditor's claim in a bankruptcy proceeding imposed by the court when the creditor has an unfair advantage over other creditors because of improper conduct or an advantageous position (as of a corporate insider)


Seen and Heard

What made you want to look up equitable subordination? Please tell us where you read or heard it (including the quote, if possible).

WORD OF THE DAY

capable of being understood in two ways

Get Word of the Day daily email!