Senior Debt

What Does Senior Debt Mean?
A bond or other form of debt that takes priority over other debt securities sold by the issuer.

Investopedia explains Senior Debt
In the event the issuer goes bankrupt, senior debt must be repaid before other creditors receive any payment.

Filed Under: Bonds, Fixed Income

Related Terms

Absolute Priority
Bankruptcy
Bond
Coterminous
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Senior Bank Loan
Senior Convertible Note
Senior Security
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