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Meaning of senior note | Babel Free

Noun CEFR B2

Definitions

A bond that takes priority for receipt of principal and interest over other debt securities sold by the issuer in the event the issuer goes bankrupt.

CEFR level

B2
Upper Intermediate
This word is part of the CEFR B2 vocabulary — upper intermediate level.
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See also

senior patrol leader senior researcher senior school senior ship of the line captain senior ship-of-the-line captain senior status

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