hierarchy

(noun)

Any group of objects ranked so that every one but the topmost is subordinate to a specified one above it.

Related Terms

Examples of hierarchy in the following topics:

  • Pecking Order

    • This theory maintains that businesses adhere to a hierarchy of financing sources and prefer internal financing when available, and debt is preferred over equity if external financing is required.

  • Reasons to Study Finance

    • This is especially true higher up in the organizational hierarchy: managers, directors, and vice presidents need to be able to articulate why their departments should get financial support from the company.

  • Capital Structure Overview and Theory

    • This theory maintains that businesses adhere to a hierarchy of financing sources and prefer internal financing when available, while debt is preferred over equity if external financing is required.

  • Overview of Organizational Structure

    • The structure is totally centralized and appears like a hierarchy.

  • Other Types of Bonds

    • In case of bankruptcy, there is a hierarchy of creditors.