Seniority: Difference between revisions
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1. ''Credit risk.'' | |||
The benefit of ranking ahead of the claims of other creditors in right of payment in a liquidation. | The benefit of ranking ahead of the claims of other creditors in right of payment in a liquidation. | ||
2. ''Organisations.'' | |||
Being higher ranking, or more experienced. | |||
For example, senior management are higher ranking individuals in a management structure. | |||
== See also == | == See also == | ||
* [[Creditors]] | |||
* [[Junior debt]] | |||
* [[Liquidation]] | |||
* [[Pari passu]] | |||
* [[Ranking]] | |||
* [[Senior]] | |||
* [[Senior debt]] | * [[Senior debt]] | ||
* [[Senior finance agreement]] (SFA) | |||
* [[Senior independent director]] | |||
* [[Senior Managers Regime]] | |||
* [[Subordination]] | |||
* [[Super senior]] | |||
* [[Tranche]] | |||
* [[Waterfall]] | |||
[[Category:Accounting,_tax_and_regulation]] | |||
[[Category:Identify_and_assess_risks]] | |||
[[Category:Manage_risks]] | |||
Latest revision as of 20:59, 5 April 2025
1. Credit risk.
The benefit of ranking ahead of the claims of other creditors in right of payment in a liquidation.
2. Organisations.
Being higher ranking, or more experienced.
For example, senior management are higher ranking individuals in a management structure.
