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senior debt
(redirected from Unsubordinated Debt)

   Also found in: Financial 0.03 sec.
senior debt
n.
A class of corporate debt that has priority with respect to interest and principal over other classes of debt and over all classes of equity by the same issuer.


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The ETNs are senior, unsecured, unsubordinated debt securities linked to the performance of an underlying index.
A Northern Rock spokesman said the additional guarantees were designed to maintain the credit ratings on the bank's unsubordinated debt, adding that if they were activated, the cost to the Treasury would be "a few hundred millions of pounds".
The guarantee ranks equally in right of payment with all of AmBev's other unsecured and unsubordinated debt obligations (except for statutorily preferred credits set forth in Brazilian bankruptcy laws).
 
 
 
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