- senior loan
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See senior debt.Related links
Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010.
senior loan
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Senior Loan Officer Opinion Survey on Bank Lending Practices (SOSLP) — A quarterly survey completed by 75 banks consisting of 53 domestic and 23 foreign branches operating in the United States. The Senior Loan Officer Opinion Survey on Bank Lending Practices (SOSLP) gathers information on how officials feel about… … Investment dictionary
senior debt — A phrase used to describe secured medium or long term bank debt provided to a company, often as part of a finance package also including mezzanine finance and development capital. Its seniority means it ranks ahead of other finance in terms of… … Law dictionary
Loan modification in the United States — Loan modification, the systematic alteration of contactual mortgage loan agreements, has been practiced in the United States since the 1930s. During the Great Depression loan modification programs took place at the state level in an effort to… … Wikipedia
loan stock — Capital investment which is treated as debt rather than share capital. Often similar to preference shares although with a higher security ranking than shares but with less security than bank borrowing and senior debt. When subordinated, they may… … Law dictionary
senior notes — ➔ note1 * * * senior notes UK US noun [plural] FINANCE ► a type of loan that a company that goes bankrupt will pay back before others that are owed money have been paid … Financial and business terms
Senior stretch loan — A senior stretch loan, or overadvance loan, is a hybrid debt instrument consisting of both asset based loan and cash flow loan. Such loans are suitable for two types of companies:*Companies that have substantial asset base but don t have stable… … Wikipedia
Senior Bank Loan — A debt financing obligation issued by a bank or similar financial institution to a company or individual that holds legal claim to the borrower s assets above all other debt obligations. The loan is considered senior to all other claims against… … Investment dictionary
Senior Stretch Loan — A specific type of loan to a business entity, which possesses certain characteristics of both asset based loans and cash flow loans. Senior stretch loans are cheaper than straight cash flow loans, since the borrowing company has a healthy balance … Investment dictionary
Loan Life Coverage Ratio - LLCR — A financial ratio used to estimate the ability of the borrowing company to repay an outstanding loan. The Loan Life Coverage Ratio (LLCR) is calculated by dividing the net present value (NPV) of the money available for debt repayment by the… … Investment dictionary
senior debt — /sinjə ˈdɛt/ (say seenjuh det) noun Finance a form of borrowed finance which has the highest priority in the ranking of claims for repayment in the case of default, liquidation, etc.; usually in the form of a bank loan and with secure collateral …
