Senior security

Senior security

A security that, in the event of bankruptcy, will be redeemed before any other securities.

Senior Security

A security that has higher priority compared to another in the event of liquidation. That is, if a company goes bankrupt and is liquidated, holders of secured debt must be paid before holders of unsecured debt. Holders of unsecured debt must be paid before preferred shareholders and finally, preferred shareholders must be satisfied before common shareholders. In the forgoing, each security is a senior security compared to the following one. See also: Absolute Priority Rule.
References in periodicals archive ?
The meeting was attended by senior security and military commanders from both sides.
SARGODHA -- Senior Security Attache to United States Consulate General (USCG), Lahore, James N Ulin, paid a visit to the office of Regional Police Officer (RPO) Sargodha on Wednesday, after completing his tenure in Pakistan.
Tenders are invited for Senior Security Solutions Architect for NYS Payroll System Initiatives
Summary: Dozens of General Security personnel stationed at the official border crossing with Syria have been tried for accepting bribes from incoming Syrians, a senior security source told The Daily Star.
A senior security source told state TV that two bombs found near the checkpoint had also been deactivated.
A senior security source said: "Gilligan has refused all the help offered to him.
iSEC Partners senior security consultant Tom Ritter said that the bug allowed tracking of everything a phone would send to a cell phone tower like phone calls, text messages, picture messages and mobile web surfing.
BEIRUT (TAP) - Lebanon's Prime Minister Najib Mikati announced his government's resignation on Friday after a cabinet dispute with Shi'ite group Hezbollah over preparations for a parliamentary election and extending the term of a senior security official.
ADEN: Gunmen shot dead a senior security official in south Yemen, scene of escalating separatist tensions, and two soldiers died defusing a bomb near a southern army camp, officials and witnesses said on Sunday.
was found shot dead Sunday, according to a senior security official.
The Information Security Forum's (ISF) 18th Annual World Congress takes place in Cape Town on 9th-11th December, bringing together over 400 senior security professionals from leading companies and organisations around the world to tackle the security challenges they will face in 2008 and beyond.
PA sources asserted that senior security officials know where Shalit is held.

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