senior note
senior note · senior notes
A bond that takes priority for receipt of principal and interest over other debt…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.
Meaning
1 sensesA 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.
Forms
plural: senior notes| Singular | senior note |
|---|---|
| Plural | senior notes |
regular