Junior debt

Junior Debt
Junior debt is a debt (such as a bond) that is lower in repayment priority than other debts in the event of the issuer's default. Junior debt is usually unsecured, meaning that there is no collateral behind it.

JUNIOR DEBT - Debt over which senior debt takes priority. In the event of bankruptcy, subordinated debt...
JUNIOR DEBT (SUBORDINATE DEBT) - Debt whose holders have a claim on the firm's assets only after senior...

Junior Debt (Subordinate Debt):
Junior debt is defined as those (stakeholder) holders have a claim on the firm's assets only after senior debt holder's claims have been satisfied.
Junk Bond: ...

junior debt Subordinated debt.
junk bond A bond whose credit rating is below BBB-.
Disclaimer ...

Junior debt (subordinate debt)
Debt whose holders have a claim on the firm's assets only after senior debtholder's claims have been satisfied. Subordinated debt.
Junior issue ...

junior debt
Obligations of an issuer for which repayment has contractually been given a priority that is lower than the repayment priority of other debts of the same obligor.

Junior Debt
The responsibilities of an issuing entity, for which quittance has contractually been considered, as a priority of miscellaneous liabilities of the same debtor.
Junior Creditor ...

Junior debt is debt that is either unsecured or has a lower priority than of another debt claim on the same asset or property. It is a debt that is lower in repayment priority than other debts in the event of the issuer's default.

This makes junior debt much more risky and this is reflected in its price. It should have a higher yield (in many cases a significantly higher yield) than senior debt from the same issuer.
Subordinated debt may, but need not, be publicly traded bonds.

Debt securities (also referred to as junior debt) that have granted superior rights in favor of another lender to the company (also called senior debt).

Subordinated debt (uninsured certificates of deposit) is simply junior debt. Its holders are at the back of the queue for their MONEY if the bank gets into trouble and they have no safety net.

A firm facing debt overhang cannot issue new junior debt because default is likely. Moreover, more debt will make the problems of debt overhang worse not better.

Notes:
In the event of liquidation, senior debt holders have seniority and are repaid before the junior debt.
This is also known as "unsubordinated debt." ...

Also see Junior Debt. A senior debt issue ranks before other issues in terms of claims on assets in the event of a company break-up.

These funds attempt to profit from price changes related to a variety of corporate actions, Most strategies involve purchasing or shorting elements of a company's capital structure and could involve senior debt, junior debt, convertible bonds, ...

firm is in direct competition for a piece of business); (2) no preference in picking a particular side (buy/sell) of a stock as profile, indicated during the block call, indicate that the sales force could have the stock either way.
Junior debt ...

Junk bonds offer investors higher yields than those of financially sound companies, but with substantially higher risk. Junior debt Debt whose holders have a claim on the firm's assets only after senior debtholder's claims are satisfied.

junior debt A type of debt that is either unsecured or has a lower priority than that of... junior equity Another name referring to common stock, called junior because it is subordinate to preferred stock.

See also: Subordinated, Subordinated debt, Senior debt, Expense, Funding