Priority of Security and Subordinations

Abstract

Outlines the framework of subordination of secured loans. Covers the variation of priority of security, subordination techniques, payment freezes on the junior debt, trustees of security, guarantee clauses and the freedom of action of the senior creditor. Suggests that, in addition to the commonly used deeds varying the priorities of security, the more sophisticated technique of turnover subordination can be usefully adapted for property finance.

Citation

Saward, J. (1991), "Priority of Security and Subordinations", Journal of Property Finance, Vol. 2 No. 1. https://doi.org/10.1108/09588689110033081