Dictionary from West's Encyclopedia of American Law. 2005.
Short Dictionary of (mostly American) Legal Terms and Abbreviations.
senior interest — A debt security or preferred share that has a claim prior to that of junior obligations or common shares on a corporation s assets and earnings. An interest or right that takes effect or has preference over that of others; e.g. a person with a… … Black's law dictionary
interest — The most general term that can be employed to denote a right, claim, title, or legal share in something. In its application to real estate or things real, it is frequently used in connection with the terms estate, right, and title. More… … Black's law dictionary
interest — The most general term that can be employed to denote a right, claim, title, or legal share in something. In its application to real estate or things real, it is frequently used in connection with the terms estate, right, and title. More… … Black's law dictionary
senior lien — A prior lien which has precedence as to the property under the lien over another lien or encumbrance Compare junior lien See also senior interest … Black's law dictionary
senior lien — see lien Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. senior lien … Law dictionary
Senior Project — is an educational program designed to challenge high school and/or college seniors in Canada and the United States.Although largely successful, the program has drawn criticism from those who believe it is unnecessary. Students choose a topic of… … Wikipedia
Senior Railcard — The Senior Railcard is an annual card available to people aged 60 and over, which gives discounts on certain types of railway ticket in Britain. The Railcard has existed in various forms since 1975; the current version is priced at £24.00 and is… … Wikipedia
senior — ▪ I. senior senior 1 adjective 1. having a high position in an organization, company etc: • a panel of senior corporate executives • He has held several senior management positions. • Previously, he had been a … Financial and business terms
Senior debt — In finance, senior debt, frequently issued the form of a senior note, is debt that takes priority over other debt securities sold by the issuer. Senior debt has greater seniority in the issuer s capital structure than subordinated debt. In the… … Wikipedia
Senior Debt — Borrowed money that a company must repay first if it goes out of business. Companies have a number of options for obtaining financing, including bank loans and the issuance of bonds and stocks. Each type of financing has a different priority… … Investment dictionary
