senior bank loan


Loan to a company or an individual that provides the lender a senior claim to the borrower's assets. When a senior bank loan is issued, the borrower usually has no other debt obligations. Thus, if the borrower goes bankrupt, the lender will have a claim on the borrower's assets that supersedes the claims of other creditors.
Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
senior senior capital