The secondary tranche of an asset backed security (ABS) or other structured financial product; a B note carries a higher risk and potential higher return when compared to the investment grade A note; during bankruptcy, default, or other credit proceedings, the payment of a B note is junior or secondary to that of an A note.
Global Definitions Database
B Note (Junior Debt/Loan)
Source: NCREIF | Date: 02 September 2025 | ID: D0937 | Version: 1