Senior mortgage bond

Senior mortgage bond
A bond that, in the event of bankruptcy, will be redeemed before any other bonds are repaid.
Senior refunding ...

prior lien bond A senior mortgage bond issued as part of a reorganization.
priority The order in which financial claims are to be paid in a corporate liquidation.

Senior Mortgage Bond
A mortgage bond that receives priority on the assets of a company over other bonds in the event of liquidation....(Read more)
Serial Bond ...

Debt whose terms in the event of bankruptcy, require it to be repaid before subordinated debt receives any payment.
Senior mortgage bond ...

See also: Mortgage bond, Physical commodity, Secured debt, Banks, Sell off