Seniority (financial)

Seniority (financial)

In finance, seniority refers to the order of repayment in the event of bankruptcy. Senior debt must be repaid before subordinated debt is repaid. Bonds that have the same seniority in a company's capital structure are described as being pari passu.

The levels of bond recognised in FpML (Financial products Markup Language) are as follows:

ee also

* Security interest
* Secured creditor
* Unsecured creditor
* Preferential creditor


Wikimedia Foundation. 2010.

Игры ⚽ Нужна курсовая?

Look at other dictionaries:

  • Seniority — is the concept of a person or group of people being in charge or in command of another person or group. This control is often granted to the senior person(s) due to experience or length of service in a given position, but it is not uncommon for a …   Wikipedia

  • Seniority — The order of repayment. In the event of bankruptcy, senior debt must be repaid before subordinated debt is repaid. The New York Times Financial Glossary * * * seniority se‧ni‧or‧i‧ty [ˌsiːniˈɒrti ǁ ˈɔː , ˈɑː ] noun [uncountable] 1. the fact of… …   Financial and business terms

  • seniority — The order of repayment. In the event of bankruptcy, senior debt must be repaid before subordinated debt is repaid. Bloomberg Financial Dictionary * * * seniority se‧ni‧or‧i‧ty [ˌsiːniˈɒrti ǁ ˈɔː , ˈɑː ] noun [uncountable] 1. the fact of being… …   Financial and business terms

  • Secured loan — A secured loan is a loan in which the borrower pledges some asset (e.g. a car or property) as collateral for the loan, which then becomes a secured debt owed to the creditor who gives the loan. The debt is thus secured against the collateral in… …   Wikipedia

  • Debtor-in-possession financing — or DIP financing is a special form of financing provided for companies in financial distress or under Chapter 11 bankruptcy process. Usually, this security is more senior than debt, equity, and any other securities issued by a company. It gives a …   Wikipedia

  • Debtor in possession — Bankruptcy in the United States Bankruptcy in the United States Authority · History U.S. Trustee Court  …   Wikipedia

  • Collateralized debt obligation — Financial markets Public market Exchange Securities Bond market Fixed income Corporate bond Government bond Municipal bond …   Wikipedia

  • Preferred stock — Financial markets Public market Exchange Securities Bond market Fixed income Corporate bond Government bond Municipal bond …   Wikipedia

  • Convertible bond — Financial markets Public market Exchange Securities Bond market Fixed income Corporate bond Government bond Municipal bond …   Wikipedia

  • Russia — /rush euh/, n. 1. Also called Russian Empire. Russian, Rossiya. a former empire in E Europe and N and W Asia: overthrown by the Russian Revolution 1917. Cap.: St. Petersburg (1703 1917). 2. See Union of Soviet Socialist Republics. 3. See Russian… …   Universalium

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”