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mezzanine finance


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1 Finance, usually provided by specialist financial institutions, that is neither pure equity nor pure debt. It can take many different forms and can be secured or unsecured; it usually earns a higher rate of return than pure debt but less than equity. Conversely, it carries a higher risk than pure debt, although less than equity. It is often used in management buy-outs.

2 A form of finance used by venture capitalists after seed capital has been provided.

Subjects: Financial Institutions and Services.


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