Senior Debt

Business / Finance / Senior Debt: Debt whose terms in the event of bankruptcy, require it to be repaid before subordinated debt receives any payment.

Other Words for Debt

Debt Adjective Synonyms: obligation, due, indebtedness, liability, responsibility, accountability, encumbrance
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Other Words for Senior

Senior Verb Synonyms: elder, older, (postpositive) major, (higher-) ranking, superior, chief
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Junior Debt (Subordinate Debt)

Business / Finance / 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. MORE

Seniority

Business / Finance / Seniority: The order of repayment. In the event of bankruptcy, senior debt must be repaid before subordinated debt is repaid. MORE

Subordinated Debt

Business / Accounting / Subordinated Debt: If a company is liquidated (i.e. becomes insolvent ), the secured creditors are paid first. If any money is left, the unsecured creditors are then paid. The amount of money owed to the unsecured credi MORE

Subordinated Debt (Junior Debt)

Business / Loan / Subordinated Debt (Junior Debt): Debt over which senior debt takes priority. In the event of bankruptcy, subordinated debt-holders receive payment only after senior debt is paid in full. A subordination of security interest in proper MORE

Long-Term Debt-Capitalization

Business / Finance / Long-Term Debt-Capitalization: Indicator of financial leverage. Shows long-term debt as a proportion of the capital available. Determined by dividing long-term debt by the sum of long-term debt, preferred stock and common stockhold MORE

Per Capita Debt

Business / Finance / Per Capita Debt: The total bonded debt of a municipality divided by the population of the municipality. MORE

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