The financial definition for Senior debt:
Debt whose terms in the event of bankruptcy, require it to be repaid before subordinated debt receives any payment.
Senior mortgage bondSenior mortgage bond
A bond that, in the event of bankruptcy, will be redeemed before any other bonds are repaid.
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 securitySenior security
A security that, in the event of bankruptcy, will be redeemed before any other securities.
Further Suggestions Seniority
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