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Definition of Senior note
1. Noun. (finance) A bond that takes priority for receit of principal and interest over other debt securities sold by the issuer in the event the issuer goes bankrupt. ¹
¹ Source: wiktionary.com
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1. Noun. (finance) A bond that takes priority for receit of principal and interest over other debt securities sold by the issuer in the event the issuer goes bankrupt. ¹
¹ Source: wiktionary.com