Scanlon — “They are divided into senior tranches, which hold…”

Source: In This Economy?: How Money & Markets Really Work — Kyla Scanlon

Book page: scanlon-in-this-economy-part-1

From: In This Economy?

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They are divided into senior tranches, which hold the least risky debt, and junior tranches, which hold the more risky debt. It’s all about redistributing risk.