The financial definition for Senior security:
A security that, in the event of bankruptcy, will be redeemed before any other securities.
Asset backed securityAsset backed security
A security that is collateralized by loans, leases, receivables, or installment contracts on personal property, not real estate.
Beta equation (security)Beta equation (security)
The market beta of a security is determined as follows: Regress beta of stock y on excess returns of the market. The slope coefficient is beta. Define n as number of observation numbers. Beta=
[(n) (sum of [xy]) ]-[ (sum of x) (sum of y)]/
[(n) (sum of [xx]) ]-[ (sum of x) (sum of x)]
where: n = # of observations (usually 36 to 60 months)
x = rate of beta for the S&P 500 index
y = rate of return for the security.
Cabinet securityCabinet security
A stock or bond listed on a major exchange with low daily traded volume.
Further Suggestions Convertible security
Credit linked security
Employee Retirement Income Security Act (ERISA)
Fixed dollar security
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