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Term of the Day
junior note
junior mortgage
junior refunding
Definition
A
promissory note
that holds secondary
priority
for repayment in case of
bankruptcy
. Compare to
Senior
Note
.
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Nearby Terms
junior capital
junior debt
junior equity
junior lien
junior mortgage
junior note
junior refunding
junk
junk bond
junk fees
jurat
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Popular 'Bonds' Terms
bond
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