Seniority (financial)
- For other uses, see Seniority
In finance, seniority refers to the order of repayment in the event of bankruptcy.
Senior debt must be repaid before subordinated debt is repaid. More common: Ranking.
See also
- DIP Financing
- Preferential creditor
- Pari passu
- Secured creditor
- Security interest
- Second lien financing
- Unsecured creditor