Provision and Senior: Difference between pages

Revision as of 10:44, 7 January 2018

A claim which enjoys a ranking ahead of others in a liquidation.

Senior claims, therefore, carry a relatively lower degree of credit risk.

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-. ''Accounting''.
+A claim which enjoys a ranking ahead of others in a liquidation.
-A form of liability where there is uncertainty as to the amount and timing of final settlement.
+Senior claims, therefore, carry a relatively lower degree of [[credit risk]].
-Relevant accounting standards include IAS 37 and Section 21 of FRS 102.
-. ''Accounting''.
-A reduction in the carrying amount, or net book value, of an asset to recognise an estimated reduction in value.
-Examples include bad debt provisions and provisions for depreciation.
-. ''Law''.
-A significant individual part of a law, for example a tax anti-avoidance provision.
-. ''Contract law''.
-A significant individual part of a contract, for example a clause or a term in a contract.
 == See also ==
-* [[Accrual]]
+* [[Junior]]
-* [[Anti-avoidance provision]]
+* [[Senior debt]]
-* [[Bad debt provision]]
+* [[Tranche]]
-* [[Book reserve]]
-* [[Call provision]]
-* [[Carrying amount]]
-* [[Contract]]
-* [[Depreciation]]
-* [[FRS 102]]
-* [[General provision]]
-* [[IAS 37]]
-* [[Liabilities]]
-* [[Make whole provision]]
-* [[Net book value]]
-* [[Term]]
-* [[Zero rate provision]]
-[[Category:Accounting,_tax_and_regulation]]
+[[Category:Corporate_finance]]
+[[Category:Long_term_funding]]
 [[Category:Compliance_and_audit]]
+[[Category:Manage_risks]]
+[[Category:Treasury_operations_infrastructure]]