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 Glossary   >   S   >   "Senior debt" Definition   

        Senior debt

Debt that, in the event of bankruptcy, must be repaid before subordinated debt receives any payment.

A debt which receives priority for repayment in the event of a corporation"s liquidation.

Senior debt


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Senior debt - Debt that, in the event of bankruptcy, must be repaid before subordinated debt receives any payment.

A debt which receives priority for repayment in the event of a corporation"s liquidation.


Senior debt : debt that, in the event of bankruptcy, must be repaid before subordinated debt receives any payment.

a debt which receives priority for repayment in the event of a corporation"s liquidation.