Seniority (financial)
id:
seniority-financial-321-8728593
title:
Seniority (financial)
text:
In finance, seniority refers to the order of repayment in the event of a sale or bankruptcy of the issuer. Seniority can refer to either debt or preferred stock. Senior debt must be repaid before subordinated debt is repaid. Each security, either debt or equity, that a company issues has a specific seniority or ranking. Bonds that have the same seniority in a company's capital structure are described as being pari passu. Preferred stock is senior to common stock in a sale when preferred sharehol
brand slug:
wiki
category slug:
encyclopedia
description:
Repayment priority in bankruptcy
original url:
https://en.wikipedia.org/wiki/Seniority_(financial)
date created:
date modified:
2023-01-27T11:21:04Z
main entity:
{"identifier":"Q7450758","url":"https://www.wikidata.org/entity/Q7450758"}
image:
fields total:
13
integrity:
14