senior note

English

Noun

senior note (plural senior notes)

  1. (finance) A bond that takes priority for receipt of principal and interest over other debt securities sold by the issuer in the event the issuer goes bankrupt.
    Synonym: senior bond
    Coordinate term: junior note

Further reading

Anagrams
This article is issued from Wiktionary. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.