second-ranking : Dictionary / Wörterbuch (BEOLINGUS, TU Chemnitz)

1 result for second-ranking

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	German	English
	Darüber hinaus wird in der Schlichtungsvereinbarung ausdrücklich angegeben, dass den Banken zweitrangige Sicherheiten eingeräumt werden, was bedeutet, das diese Gläubiger die Sicherheit erst in Anspruch nehmen können, nachdem die Forderungen der erstrangigen öffentlichen Gläubiger in voller Höhe befriedigt wurden. [EU]	Moreover, the conciliation protocol explicitly indicates that the securities granted to the banks are second-ranking [...], which means that these creditors cannot call upon any security until the first-ranking public creditors have all been repaid in full.
The example sentences [G] were kindly provided by the Goethe Institute. Sentences marked by [EU] derived from DGT Multilingual Translation Memory. The European Commission retains ownership of the copyright in the original data.