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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 shareholders must receive back their preference , typically their original investment amount, before the common shareholders receive anything.
Senior debt is frequently issued in the form of senior notes or referred to as senior loans. Senior debt has greater seniority in the issuer's capital structure than subordinated debt . In the event the issuer goes bankrupt , senior debt theoretically must be repaid before other creditors receive any payment.
This glossary of geography terms is a list of definitions of terms and concepts used in geography and related fields, including Earth science, oceanography, cartography, and human geography, as well as those describing spatial dimension, topographical features, natural resources, and the collection, analysis, and visualization of geographic ...
Biology is the scientific study of life. [ 1 ] [ 2 ] [ 3 ] It is a natural science with a broad scope but has several unifying themes that tie it together as a single, coherent field. [ 1 ] [ 2 ] [ 3 ] For instance, all organisms are composed of at least one cell that processes hereditary information encoded in genes , which can be transmitted ...
Authorities are searching for the body of Elkins, who has been missing since Jan. 2, at a landfill in Michigan, according to reports
Related: Fire Captain and Wife Detail Battle to Save Their Own Home from the L.A. Fires: 'Memories Are All We Have Left' The surfer had been struggling in the last year when he lost his job, broke ...
Firefighters are hoping for a break Friday from the fierce winds that have fueled massive blazes in the Los Angeles area, killing 10 people, obliterating whole neighborhoods and setting the nation ...
The bond will continue to earn the fixed rate for 10 more years. All interest is paid when the holder cashes the bond. For bonds issued before May 2005, the interest rate was an adjustable rate recomputed every six months at 90% of the average five-year Treasury yield for the preceding six months.