Junior

1. Credit risk.

A claim which ranks lower than others in a liquidation.

Junior claims, therefore, carry a relatively greater degree of credit risk.

2. Organisations.

Being lower ranking, or less experienced.

For example, junior staff are lower ranking individuals in a management structure.

See also

• Credit risk
• Employee
• Junior debt
• Liquidation
• Ranking
• Senior
• Subordination
• Tranche