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Senior bond |
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Senior bond. Senior bonds offer slightly lower interest rates than subordinated or junior bonds because they are considered less risky. A senior bond has priority in interest payments, and if a bond issuer defaults, or runs into difficulty paying off debt, holders of senior bonds have a prior claim in receiving whatever monies are available. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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