Seniority

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.

See also

• Creditors
• Junior debt
• Liquidation
• Pari passu
• Ranking
• Senior
• Senior debt
• Senior independent director
• Senior Managers Regime
• Subordination
• Super senior
• Tranche
• Waterfall