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 Glossary   >   S   >   "Seniority" Definition   

        Seniority

The order of repayment. In the event of bankruptcy, senior debt must be repaid before subordinated debt is repaid.

Seniority


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Seniority - The order of repayment. In the event of bankruptcy, senior debt must be repaid before subordinated debt is repaid.


Seniority : the order of repayment. in the event of bankruptcy, senior debt must be repaid before subordinated debt is repaid.