Series 79: General Unsecured Claims

Taken from our FINRA Investment Banking Exam

Definition of the term General Unsecured Claims...

in bankruptcy, unsecured claims that do not fall into any of the categories that would set them above other unsecured claims in priority. Even though general unsecured claims are the lowest-priority claims, they still have higher priority than all residual interests of equity holders. Compare to priority claims.

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