Search results
Results from the WOW.Com Content Network
Seniority is the state of being older or placed in a higher position of status relative to another individual, group, or organization. [1] For example, one employee may be senior to another either by role or rank (such as a CEO vice a manager), or by having more years served within the organization (such as one peer being accorded greater status over another due to amount of time in).
Corporate titles or business titles are given to company and organization officials to show what job function, and seniority, a person has within an organisation. [1] The most senior roles, marked by signing authority, are often referred to as "C-level", "C-suite" or "CxO" positions because many of them start with the word "chief". [2]
Seniority can refer to either debt or preferred stock. Senior debt must be repaid before subordinated (or junior) debt is repaid. [1] 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.
Universities and the professions often have their own rules of precedence applying locally, based (for example) on university or professional rank, each rank then being ordered within itself on the basis of seniority (i.e. date of attaining that rank). Within an institution, the officials of that institution are likely to rank much higher in ...
In relation to credit standing, the ranking of a security refers to where that particular security would stand in a wind up of the issuing company, i.e., its seniority in the company's capital structure. For instance, capital notes are subordinated securities; they would rank behind senior debt in a wind up.
Tactical seniority, also known as "battlefield seniority", is the manner in which a senior officer in command of a given tactical situation is determined. For instance, within the United States Navy, groups of ships performing exercises together will have one ship designated as the tactical senior unit. The commander of said ship is the senior ...
Pay grades [1] are used by the eight structurally organized uniformed services of the United States [2] (Army, Marine Corps, Navy, Air Force, Space Force, Coast Guard, Public Health Service Commissioned Corps, and NOAA Commissioned Officer Corps), as well as the Maritime Service, to determine wages and benefits based on the corresponding military rank of a member of the services.
If the company issues more than one issue of preference preferred, the issues are ranked by seniority. One issue is designated first preference, the next-senior issue is the second and so on. Convertible preferred stock—These are preferred issues that holders can exchange for a predetermined number of the company's common-stock shares. This ...