We have changed our privacy policy. In addition, we use cookies on our website for various purposes. By continuing on our website, you consent to our use of cookies. You can learn about our practices by reading our privacy policy.


Seniority

Categories: Bonds, Banking

See: senior debt.

There's a pecking order in liquidation if things go... awry. Having seniority is good. Juniority? Not so good. Senior bonds get paid first.

Find other enlightening terms in Shmoop Finance Genius Bar(f)