easy · Debt Capital Markets bond-instruments-structures
What is 'seniority' in the context of a capital stack?
- The order in which creditors are repaid during a liquidation.
- The combined age of the members serving on the company's Board.
- A ceremonial honorific awarded to the lead arranging bank in the syndicate.
- The number of consecutive years the firm has been operating.
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More Debt Capital Markets bond-instruments-structures practice
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