Junior Stock

Junior Stock

A stock that has a lower priority compared to another in the event of liquidation. That is, if a company goes bankrupt and is liquidated, holders of junior stock are only paid after all holders of senior stock are fully satisfied. For example, preferred shareholders must be paid before common shareholders; thus, common shares are junior stock with respect to preferred shares. See also: Absolute Priority Rule.
References in periodicals archive ?
I read in the papers with interest a couple of weeks ago that the company behind the hit stage show Billy Elliot was considering floating on the junior stock market, Plus - formerly Ofex.
Airline consultant Mr Bellion, 39, from Liverpool, is part of a four-strong team aiming to raise pounds 65m on the Alternative Invesment Market, the junior stock market, in the first quarter of 2004 to fund their plans.
It describes their application, in both private and public companies, to specific arrangements such as cash-deferred compensation arrangements, phantom stock options, ESOPs, and junior stock plans.
While David will compete again next year in British Supersport - the highest tier of racing for 600cc bikes - his brother Matthew will race in the Junior Stock 600 series.
Although the junior stock bull Iwrch Mr Tee was not for sale, his offspring, sold with their dams, were much in demand.
Newcastle-based Vertu Motors, which was formed by former executives of Sunderland's Reg Vardy, raised pounds 25m when it floated on junior stock market AIM in December.
Taking advantage of the situation, NWL listed on the junior stock exchange AIM in May, only to migrate to full listing some four months later.
In its first interim report since its admission to AIM in April, London's most junior stock market, Ofex, unveiled a pre-tax loss, blaming challenging economic and political conditions for the shortfall.
He has experience in the United States, Nicaragua, and Colombia and extensive experience with junior stock market oriented public companies both on the TSX and TSX-Venture and on the NASDAQ.
Rajko has a 10 per cent stake in the company which is trading on the junior stock market Aim.
A 26-year hospitality veteran, Herman began his career in 1975 as a junior stock clerk with the Sheraton Waikiki.
Betws yn Rhos club's winning junior stock judging team - Tomos Lloyd, Gwen Lloyd and Casi Jones.