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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 (or junior) debt is repaid. [1] Each security, either debt or equity, that a company issues has a specific seniority or ranking.
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. [1] Senior debt is often secured by collateral on which the lender has put in place a first lien.
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]
A family’s Christmas portrait is going viral — for the wrong reasons. In a TikTok video, mother and nursing student Taylor, who goes by @craveslim on social media, reacted to her 5-year-old ...
The 2024 Heisman Trophy presentation is less than two weeks away and will feature the top college football players who have demonstrated exceptional skill, leadership and performance on the field ...
The Las Vegas Raiders will travel to face the Kansas City Chiefs in a Black Friday Week 13 NFL matchup. Here is how to watch the game.
The company came under intense pressure in the late 1990s when Microsoft started to compete vigorously with its core Quicken business. [18] [23] In response, Intuit launched new web-based products and put more emphasis on QuickBooks and on TurboTax. The company made a number of investments around this time.
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).