Business / Taxes / Junior Security: In the world of bonds, the term junior means having less claim to repayment. 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. But all bondholders, whether they own junior or senior securities, are senior to, or have a greater claim than, holders of preferred stock, who in turn are senior to holders of common stock.
Junior Noun Synonyms: secondary, lesser, lower, minor, subordinate, inferior, younger
Security Verb Synonyms: safety, shelter, protection, fastness, refuge, safe keeping, sanctuary, asylum
Business / Finance / Security Characteristic Line: A plot on a graph of the excess return on a security over the risk-free rate as a function of the excess return on the market. The slope of this line is the security's beta. MORE
Business / Real Estate / Security Agreement: Security interests in chattels (personal property) are created by an instrument known as a security agreement. To give notice of a security interest, a financing statement must be recorded. MORE