senior debt
noun[U]
FINANCEukusdebtthat will bepaidback by acompanythat goesbankruptbefore otherdebtispaidback
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junior debt
Examplesofsenior debt
senior debt
Subordinated loans typically have a lower credit rating, and, therefore, a higher yield thanseniordebt.
From
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Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.Since the crisis, funding byseniordebthas become more common.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.These rates will be much higher than ordinaryseniordebtor subordinated debt.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
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This example is from Wikipedia and may be reused under a CC BY-SA license.Seniordebtmust be repaid before subordinated (or junior) debt is repaid.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.For example, a hedge fund has bought $5 million worth of protection from a bank on theseniordebtof a company.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.Seniordebtis often secured by collateral on which the lender has put in place a first lien.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.For instance, capital notes are subordinated securities; they would rank behindseniordebtin a wind up.
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Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.The foreclosure sale purchaser must petition a court for a decree that cuts off any junior lien holder's rights to redeem theseniordebt.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
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This example is from Wikipedia and may be reused under a CC BY-SA license.However, in various jurisdictions and circumstances, nominallyseniordebtmay not rank "pari passu" with all other senior obligations.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.Seniordebthas greater seniority in the issuer's capital structure than subordinated debt.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.
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