Senior

1. Credit risk.

A claim which enjoys a ranking ahead of others in a liquidation.

Senior claims, therefore, carry a relatively lower degree of credit risk.

2. Organisations.

Higher ranking, or more experienced.

For example, senior management are higher ranking individuals in a management structure.

See also

• Credit risk
• High-yield
• Junior
• Mezzanine
• Ranking
• Senior debt
• Senior finance agreement (SFA)
• Senior independent director
• Senior Managers and Certification Regime
• Senior vice president
• Seniority
• Subordination
• Super senior
• Tranche
• Waterfall