In the event of liquidation, senior debtholders have seniority and are repaid before the junior debt.
This is also known as "unsubordinated debt".
Investment dictionary. Academic. 2012.
senior security — noun Etymology: senior (II) : a security having priority over another mortgage bonds and preferred stocks are senior securities compared to debentures and common stocks respectively … Useful english dictionary
senior security — A security that, in the event of bankruptcy, will be redeemed before any other securities. Bloomberg Financial Dictionary … Financial and business terms
security — Protection; assurance; indemnification. The term is usually applied to an obligation, pledge, mortgage, deposit, lien, etc., given by a debtor in order to assure the payment or performance of his debt, by furnishing the creditor with a resource… … Black's law dictionary
security — /si kyoor i tee/, n., pl. securities, adj. n. 1. freedom from danger, risk, etc.; safety. 2. freedom from care, anxiety, or doubt; well founded confidence. 3. something that secures or makes safe; protection; defense. 4. freedom from financial… … Universalium
Security guard — Private factory guard Occupation Activity sectors Security Description A security guard (or security officer) is a person who is paid to protect pro … Wikipedia
senior lien — see lien Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. senior lien … Law dictionary
senior debt — A phrase used to describe secured medium or long term bank debt provided to a company, often as part of a finance package also including mezzanine finance and development capital. Its seniority means it ranks ahead of other finance in terms of… … Law dictionary
senior citizen — senior citizenship. an elderly or aged person, esp. one who is retired or whose principal source of support is a pension or Social Security benefits. [1935 40] * * * elderly, or aged, person, especially one of more than 60 or 65 years of… … Universalium
Senior Australian Defence Organisation Positions — This page provides a list of Senior Australian Defence Organisation Positions, and includes access to information about past occupants of these positions. For information about current occupants of these positions, see Current senior Australian… … Wikipedia
Security (finance) — This article is about the negotiable instrument. For the legal right given to a creditor by a borrower, see Security interest. Securities Securities Bond … Wikipedia
