super senior

Definition

Part of a collateralized debt obligation's structure consisting of high-quality financial paper with a very low exposure to risk. Super senior notes are the top-rated debt in credit rating. In the case of a default, super senior debt is more likely to see at least a portion of its value returned to an investor.

Use super senior in a sentence

We had suggested that the client be put into super senior securities as we wanted to lower the amount of risk.

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Timmy did not work as hard as he should have his first few years of college, so his extra year will make him be a super senior.

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When investing, shrewd businessman Walter always insisted on super senior notes because he liked dealing in high-end debt which limited his risk.

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subordinated debt senior debt