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Junior issue

Business Junior debtJunk bond

Junior issue
A debt or equity issue from one corporation over which the issue of another firm takes precedence with respect to dividends, interest, principal, or security in the event of liquidation.
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junior issue
issue of debt or equity that is subordinate in claim to another issue in terms of dividends, interest, principal, or security in the event of liquidation.

Bonds - Low-quality junk bonds, usually purchased for risk-oriented investors because of their high yields, with credit ratings of BBB, bbb or lower by Standard & Poor's or Moody's investor services or better know as Junk Bonds.

Junior Issue - ...

Junior Issue
Debt or equity issue of a corporation that is subordinate in claim to another issue of the same corporation in regard to dividends, interest, principal, or security in the event of liquidation.

Junior Issue - Generally speaking, any issue that ranks lower in claim to another issue in terms of dividends, interest, principal, etc.

Financial & Investment Dictionary:
Junior Issue
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Debt whose holders have a claim on the firm's assets only after senior debtholder's claims have been satisfied. Subordinated debt.
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See also: Funding, Subordinated, Junk bond, Joint account, Subordinated debt

Business Junior debtJunk bond

 
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