Business / Loan / Senior Debt: Debt that must be repaid before subordinated debt receives any payment in the event of default.
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Debt Adjective Synonyms: obligation, due, indebtedness, liability, responsibility, accountability, encumbrance
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Senior Verb Synonyms: elder, older, (postpositive) major, (higher-) ranking, superior, chief
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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
Business / Finance / Seniority: The order of repayment. In the event of bankruptcy, senior debt must be repaid before subordinated debt is repaid. MORE
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
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
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
Business / Finance / Per Capita Debt: The total bonded debt of a municipality divided by the population of the municipality. MORE