junior equity interest
Defined in 1 dictionary — U.S. Code
United States Code
26 U.S.C. § 2701 — in this section (2 versions over time)
The term “junior equity interest” means common stock or, in the case of a partnership, any partnership interest under which the rights as to income and capital (or, to the extent provided in regulations, the rights as to either income or capital) are junior to the rights of all other classes of equity interests.