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senior note

A bond that takes priority over other debt securities sold by the issuer. In the event the issuer goes bankrupt, senior debt must be repaid before other creditors receive any payment.
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Submitted on September 01, 2009

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Nearby phrases

Some more phrases from our dictionary similar to senior note

senior momentJohnny-one-notesick noteof notecouldn't carry a note in a bucketfalse notehigh notenote downfalse noteone-notehigh notefalse noteJohnny-one-noteblue note

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