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Glossary   >   S   >   "Senior mortgage bond" Definition            Senior mortgage bond A mortgage bond which receives priority on the assets of a company over other bonds in the event of liquidation. Glossary    Dictionary Search (powered by Google) WWW ITLOCUS.COM GLOSSARY.ITLOCUS.COM Translate a web page (powered by Google)      to German Spanish French Italian Portuguese Japanese Korean Chinese

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Senior mortgage bond - A mortgage bond which receives priority on the assets of a company over other bonds in the event of liquidation.