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Senior debt |
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Senior debtA debt which receives priority for repayment in the event of a corporation's liquidation.Senior debtDebt whose terms in the event of bankruptcy, require it to be repaid before subordinated debt receives any payment.Senior debt Similar MatchesSenior securitySenior securityA security that, in the event of bankruptcy, will be redeemed before any other securities. Senior refundingSenior refunding../../finance-glossary/ment by the issuer of securities with 5-to 12-year maturities with securities of 15-year or longer maturities, in order to delay, reduce, or consolidate payment. Senior mortgage bondSenior mortgage bondA bond that, in the event of bankruptcy, will be redeemed before any other bonds are repaid. SenioritySeniorityThe order of repayment. In the event of bankruptcy, senior debt must be repaid before subordinated debt is repaid. Senior mortgage bondSenior mortgage bondA mortgage bond which receives priority on the assets of a company over other bonds in the event of liquidation. |
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