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Senior mortgage bond
Senior mortgage bondA bond that, in the event of bankruptcy, will be redeemed before any other bonds are repaid. RELATED TERMS-------------------------------------- Bond Certificate, stating that the issuer is committing himself to repay the loan, including interest and other payments, to the holder. Bankruptcy The state of a person or firm unable to repay debts. Will The written expression of a person's wishes as to how his property should be distributed by his executors. Bonds Bonds is a main Australian company. SIMILAR TERMS-------------------------------------- Senior debt Debt whose terms in the event of bankruptcy, require it to be repaid before subordinated debt receives any payment. 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. Senior security A security that, in the event of bankruptcy, will be redeemed before any other securities. Seniority The order of repayment. In the event of bankruptcy, senior debt must be repaid before subordinated debt is repaid. Seniti The Seniti is the fractional currency unit in Tonga. PREVIOUS AND NEXT TERMS-------------------------------------- Selling the spread A spread whose option to be sold is trading at a higher premium than the option to be bought. Selling, general, and administrative (SG&A) expenses Expenses such as salespersons' salaries and commissions, advertising and promotion, travel and entertainment, office payroll and expenses, and executives' salaries. Semistrong form efficiency A form of pricing efficiency that profits the price of a security fully reflects all public information (including, but not limited to, historical price and trading patterns). Semivariable cost A cost composed of a mixture of fixed and variable components. Senior debt Debt whose terms in the event of bankruptcy, require it to be repaid before subordinated debt receives any payment. Senior mortgage bond 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. Senior security A security that, in the event of bankruptcy, will be redeemed before any other securities. Seniority The order of repayment. In the event of bankruptcy, senior debt must be repaid before subordinated debt is repaid. Sensitive market A market that reacts to a great extent to good or bad news. Sensitivity analysis Analysis of the effect on a project's profitability of changes in sales, cost, and so on. We thank you for using the Financial Dictionary to search for Senior mortgage bond. If you have a better definition for Senior mortgage bond than the one presented here, please let us know by making use of the suggest a term option. This definition of Senior mortgage bond may be disputed by other professionals. Our attempt is to provide easy definitions on Senior mortgage bond and any other medical topic for the public at large.
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