senior debt
1senior debt — A phrase used to describe secured medium or long term bank debt provided to a company, often as part of a finance package also including mezzanine finance and development capital. Its seniority means it ranks ahead of other finance in terms of… …
2Senior debt — Debt that, in the event of bankruptcy, must be repaid before subordinated debt receives any payment. The New York Times Financial Glossary * * * senior debt senior debt ➔ debt * * * senior debt UK US noun [U] FINANCE ► debt that will be paid back …
3Senior debt — In finance, senior debt, frequently issued the form of a senior note, is debt that takes priority over other debt securities sold by the issuer. Senior debt has greater seniority in the issuer s capital structure than subordinated debt. In the… …
4senior debt — Obligations of an issuer for which repayment has contractually been given a priority that is higher than the repayment priority of other debts of the same obligor. This arrangement may arise from either a specific subordination agreement or a… …
5Senior Debt — Borrowed money that a company must repay first if it goes out of business. Companies have a number of options for obtaining financing, including bank loans and the issuance of bonds and stocks. Each type of financing has a different priority… …
6Senior Debt — Senior Debenture; engl. Bezeichnung für vorrangiges Fremdkapital. Im Rahmen der ⇡ Mezzanine Finanzierung handelt es sich bei den S.D. um Fremdkapital, das dem vorrangigen Fremdkapital im Rang zwar nachgestellt ist, jedoch durch seinen sekundären… …
7senior debt — / si:niə det/ noun a debt which must be repaid in preference to other debts (such as a first mortgage over a second mortgage) …
8senior debt — /sinjə ˈdɛt/ (say seenjuh det) noun Finance a form of borrowed finance which has the highest priority in the ranking of claims for repayment in the case of default, liquidation, etc.; usually in the form of a bank loan and with secure collateral …
9partners senior debt — senior loan Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010 …
10Debt restructuring — is a process that allows a private or public company – or a sovereign entity – facing cash flow problems and financial distress, to reduce and renegotiate its delinquent debts in order to improve or restore liquidity and rehabilitate so that it… …
