Senior security

Senior Security
A security (usually debt) that, in the event the issuer goes bankrupt, must be repaid before other creditors receive any payment.

Senior security
Definition: [crh] A security that, in the event of bankruptcy, will be redeemed before any other seDefinition: curities.

Senior security
A security that, in the event of bankruptcy, will be redeemed before any other securities.
Serial bonds ...

senior security A security that has priority over other securities, with respect to claims or bankruptcy liquidation. sensitivity The degree of exposure of a security to market risk.

security with lower priority claim on assets and income than a senior security . For example, a preferred stock is junior to a debenture , but a debenture, being an unsecured bond, is junior to a mortgage bond .

Junior security A security with a lower claim to assets and income than a senior security. Important in determining who gets what in a bankruptcy.

A forced or induced conversion is one whereby the issuer (the corporation) calls in the senior security for conversion to common shares when the cash value is less than the share value. This ensures that shares will be issued.

Junior Securities
Security that has a subordinate claim on assets to that of a "senior security". For instance, a preferred stock is junior to a debenture, but a debenture, being an unsecured bond, is junior to all corporate securities.

A security that has a lower-priority claim on a company's assets and income than a senior security. For example common stock is junior to preferred stock.
Junk bond ...

If you own a junior security and the issuing company goes out of business, you have less claim on any assets than an investor who owns a senior security issued by the same company.

If you own a junior security, as such bonds are known, and the issuing company goes out of business, you have less claim on the company's assets than an investor who owns a senior security issued by the same company.

Junior security
A security that has a lower-priority claim on a company's assets and income than a senior security. For example common stock is junior to preferred stock.

Unsubordinated Debt - A loan or security that ranks above other loans or securities with regard to claims on assets or earnings. Also known as a senior security.

A loan or security that ranks above other loans or securities with regard to claims on assets or earnings. Also known as a senior security.

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