An agreement between various financiers providing loans or credits to a borrower that reconciles their different (potentially competing) interests. It formalizes their relationship; in particular the ranking of their debt and security, particularly on insolvency, by subordinating junior lenders and regulating the rights of lenders.
Global Definitions Database
Intercreditor Agreement
Source: Global | Date: 10 October 2025 | ID: D1570 | Version: 3