Other forms of non-bank debt include subordinated debt and preference shares. These are forms of long-term debt that rank low in terms of seniority. Banks are rarely willing to offer commercial loans with terms greater than three to five years.
Other forms of non-bank debt include subordinated debt and preference shares. These are forms of long-term debt that rank low in terms of seniority. Banks are rarely willing to offer commercial loans with terms greater than three to five years.