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senior note

A bond that takes priority over other debt securities sold by the issuer. In the event the issuer goes bankrupt, senior debt must be repaid before other creditors receive any payment.
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Submitted on September 01, 2009

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    "senior note." Phrases.com. STANDS4 LLC, 2024. Web. 28 Mar. 2024. <https://www.phrases.com/phrase/senior-note_6665>.

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