What is Intercreditor Agreement?
An Intercreditor Agreement is an agreement between one or more creditors who have shared interests in a particular borrower. The agreement spells out aspects of their relationship to each other and to the borrower so that, in the event a problem emerges, there will be ground rules in place to handle the situation. The specifics of an inter-creditor agreement vary depending on the borrower, the type of debt, and other factors, such as the presence of cosigners.
Audio Definition/Pronunciation
OTHER TERMS BEGINNING WITH "I"
- Illiquid Assets
- Import Finance
- Income or Profit & Loss Statement (P&L)
- Income Statement
- Incoterms
- Indemnification
- Ineligibles
- Insolvencies
- Inspection Certificate
- Intangible Asset
- Interest Coverage Ratio
- Inventory
- Inventory Financing
- Invoice
- Invoice Factoring
- Invoice Financing
- Invoice Verification Process
- IRS Tax Lien