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InvestHub.com's
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.
 

Definition 2.

A security that has priority over other securities in the event of a claim or bankruptcy liquidation.
 

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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