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Finance Dictionary and Glossary of Investment Terms
Senior security
Definition 1.
A security that, in the event of bankruptcy, will be redeemed before any other securities.
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Definition 2.
A security that has priority over other securities in the event of a claim or bankruptcy liquidation.
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Definition 3.
A security (usually debt) that, in the event the issuer goes bankrupt, must be repaid before other creditors receive any payment.
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