Seniority (financial)

From Wikipedia, the free encyclopedia

For other uses, see Seniority

In finance, seniority refers to the order of repayment in the event of bankruptcy. Senior debt must be repaid before subordinated debt is repaid. More common: Ranking.

[edit] See also

• Secured creditor
• Unsecured creditor
• Preferential creditor
• Pari passu
• Security interest

This economics or finance-related article is a stub. You can help Wikipedia by expanding it.

Retrieved from "http://en.wikipedia.org../../../s/e/n/Seniority_%28financial%29.html"

Categories: Economics and finance stubs | Bankruptcy | Corporate finance | Fixed income securities

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• This page was last modified 03:17, 27 March 2007 by Wikipedia user Eastlaw. Based on work by Wikipedia user(s) Feco, Pearle, Aranel, Curps and Lucky 6.9 and Anonymous user(s) of Wikipedia.
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