Senior Refunding

Business / Finance / Senior Refunding: Replacement by the issuer of securities with 5-to 12-year maturities with securities of 15-year or longer maturities, in order to delay, reduce, or consolidate payment.

Other Words for Senior

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

Health / Health Insurance / Senior Market: A market segment that is comprised largely of persons over age 65 who are eligible for Medicare benefits. MORE

Senior Loan

Business / Real Estate / Senior Loan: A real estate loan in the first priority position. MORE

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. MORE

Senior Mortgage Bond

Business / Finance / Senior Mortgage Bond: A bond that, in the event of bankruptcy, will be redeemed before any other bonds are repaid. MORE

Senior Refunding

Business / Finance / Senior Refunding: Replacement by the issuer of securities with 5-to 12-year maturities with securities of 15-year or longer maturities, in order to delay, reduce, or consolidate payment. MORE

Stopping Curve Refunding Rate

Business / Finance / Stopping Curve Refunding Rate: A curve showing the refunding rates for different times at which the expected value of refunding immediately equals the expected value of waiting to refund. MORE

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