Senior Debt
Type of debt that has a priority claim on a borrower’s assets or cash flows in the event of default or bankruptcy. It is usually the first debt to be repaid, ahead of other types of debt, such as subordinated debt or equity.
Type of debt that has a priority claim on a borrower’s assets or cash flows in the event of default or bankruptcy. It is usually the first debt to be repaid, ahead of other types of debt, such as subordinated debt or equity.