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Seniority
SeniorityThe order of repayment. In the event of bankruptcy, senior debt must be repaid before subordinated debt is repaid. RELATED TERMS-------------------------------------- Order Instruction to a broker-dealer to buy, sell, deliver, or receive securities or commodities that commits the issuer of the "order" to the terms specified. Repayment Partial settlement of a debt (perhaps at monthly or quarterly intervals). Bankruptcy The state of a person or firm unable to repay debts. Debt Money borrowed. Subordinated A claim ranked lower in priority than other claims. Common stock claims are always subordinated to debt. SIMILAR TERMS-------------------------------------- Senior debt Debt whose terms in the event of bankruptcy, require it to be repaid before subordinated debt receives any payment. Senior mortgage bond A bond that, in the event of bankruptcy, will be redeemed before any other bonds are repaid. 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. Seniti The Seniti is the fractional currency unit in Tonga. PREVIOUS AND NEXT TERMS-------------------------------------- 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 A bond that, in the event of bankruptcy, will be redeemed before any other bonds are repaid. 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 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. Sentiment indicators The general feeling of investors about the state of the market, such as whether they are bullish or bearish. Separate customer Method of allocating insurance by the Securities Investor Protection Corporation. Each account that is under the name of a different person or group of people is entitled to maximum protection. Separate entity principle A business is taken to be an accounting unit separate from its owners, creditors, etc. We thank you for using the Financial Dictionary to search for Seniority. If you have a better definition for Seniority than the one presented here, please let us know by making use of the suggest a term option. This definition of Seniority may be disputed by other professionals. Our attempt is to provide easy definitions on Seniority and any other medical topic for the public at large.
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