Junior issue

(redirected from junior)
Also found in: Dictionary, Thesaurus, Medical, Legal, Acronyms, Encyclopedia, Wikipedia.

Junior issue

A debt or equity issue from one corporation over which the issue of another firm takes precedence with respect to dividends, interest, principal, or security in the event of liquidation.

Junior Issue

A security 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 secured debt must be paid before the 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 junior issue compared to the previous one. See also: Absolute Priority Rule.
Mentioned in ?
References in classic literature ?
It was unusual for a junior to reject such an opening.
And Bert touched the fringe of a number of trades in succession--draper's porter, chemist's boy, doctor's page, junior assistant gas-fitter, envelope addresser, milk-cart assistant, golf caddie, and at last helper in a bicycle shop.
Drive back six years," I said to the cabby, "and stop at the Junior Old Fogies' Club.
The captain, an expression of surprise upon his features, turned toward his junior.
Anne was never attended by the crowd of willing victims who hovered around Philippa's conquering march through her Freshman year; but there was a lanky, brainy Freshie, a jolly, little, round Sophomore, and a tall, learned Junior who all liked to call at Thirty-eight, St.
This isn't my work as a rule; but the man who should have come is ill, and his junior can't sketch, so they sent me
Only a few weeks after the war began," Thsomson continued thoughtfully, "two French generals, four or five colonels, and over twenty junior and non-commissioned officers were court-martialled for espionage.
His employer, who had more the appearance of a country gentleman than the junior partner in the well-known firm of Rocke and Son, solicitors, had risen to his feet, and was drawing on his gloves.
As to the business, it had been reconstructed, and the energy and ability of the junior partner had soon made up for all the ill that had been done by his senior.
Little did my highly-connected mother think that, among the colored prints in the shop-window, which disrespectfully illustrated the public and private proceedings of distinguished individuals, certain specimens bearing the classic signature of "Thersites Junior," were produced from designs furnished by her studious and medical son.
Monsieur Poiret junior, called "junior" to distinguish him from his brother Monsieur Poiret senior (now living in the Maison Vanquer, where Poiret junior sometimes dined, intending to end his days in the same retreat), had spent thirty years in the Civil Service.
She knew that all Avonlea junior was wondering which would come out first; she even knew that Jimmy Glover and Ned Wright had a bet on the question and that Josie Pye had said there was no doubt in the world that Gilbert would be first; and she felt that her humiliation would be unbearable if she failed.