senior note English

Meaning senior note meaning

What does senior note mean?

senior note noun

— (finance) A bond that takes priority for receipt of principal and interest over other debt securities sold by the issuer in the event the issuer goes bankrupt.

Examples senior note examples

How do I use senior note in a sentence?

News and current affairs

The Supreme Court took note of the ADB's findings and started proceedings against Ashraf and other senior officials, including several from the finance ministry.