What is a senior deposit?
Senior Deposit means the deposits effected by the Depositor with the Purchaser in accordance with the terms of the Master Senior Deposit Agreement..
What does it mean when a company offers senior notes?
Senior notes, also referred to as senior debt, are a form of debt financing that gives the lenders priority claim to assets and cash flows in the event of default or bankruptcy.
What is an example of a senior debt?
Any debt with higher priority over other forms of debt is considered senior debt. For example, a company has debt A that totals $1 million and debt B that totals $500,000. Debt A is senior debt, and debt B is subordinated debt. If the company files for bankruptcy, it must liquidate all of its assets to repay the debt.
What does senior secured mean?
Secured senior debt is backed by an asset that was pledged as collateral. For example, lenders may place liens against equipment, vehicles or homes when issuing loans. If the loan goes into default, the asset may be sold to cover the debt. Conversely, unsecured debt is not backed by an asset pledged as collateral.
What is senior funding?
“Senior” debt is a first charge development finance loan, that would typically make up the majority of the funds required to complete a property development project.
Are senior notes good or bad for stock?
Senior Convertible Notes provide investors with the potential for higher returns than traditional debt securities. If the company's stock price increases, the investor can convert their notes into equity, allowing them to participate in the company's growth.
Are senior notes considered debt?
Senior Debt, or a Senior Note, is money owed by a company that has first claims on the company's cash flows.
What is the difference between senior debt and senior notes?
Senior debt is frequently issued in the form of senior notes or referred to as senior loans. Senior debt has greater seniority in the issuer's capital structure than subordinated debt. In the event the issuer goes bankrupt, senior debt theoretically must be repaid before other creditors receive any payment.
Are senior notes secured or unsecured?
Senior secured notes are backed by specific assets as collateral, which lenders can claim in the event of default. In contrast, senior unsecured notes do not have collateral backing, but they still maintain a high priority over other unsecured debt obligations during repayment.
Why is it called senior debt?
The difference between senior and subordinated debt is that the former takes precedence in the event of default (or bankruptcy), as its claims are more senior. In such scenarios, such as bankruptcies, the senior claims recoup their losses before the subordinated claims can be paid back.
Can senior debt be unsecured?
Senior Unsecured Bonds
Senior unsecured corporate bonds are in most respects just like senior secured bonds with one significant difference: There is no specific collateral guaranteeing them. Other than that, such senior bondholders enjoy a privileged position in the event of default with respect to the payout order.
Does senior secured mean first lien?
First Lien Senior Secured Debt means all Funded Debt that is secured by a Lien (including, without limitation, Debt under this Agreement, secured purchase money obligations and Permitted Receivables Financing) other than Second Lien Senior Secured Debt.
What is the difference between senior and first lien?
Not all senior debt holders are created equal, however. First lien debt holders are paid back before all other debt holders, including other senior debt holders. A lien is the legal right of a creditor to seize property from a borrower that has failed to repay the creditor.
How to buy senior debt?
The more commonly used avenues for investing in senior bank loans are investing in either mutual funds or exchange-traded funds (ETFs) that invest in such debt securities. An important point for investors considering senior bank loan investments to keep in mind is the liquidity risk involved.
Who is a senior lender?
What does Senior Lender mean? The lender which, by itself or as lead party of a syndicate of lenders, provides any debt'>Senior Debt.
What is a senior mortgage loan?
A senior mortgage is a type of loan that a person takes out to buy a property. It is called "senior" because it has priority over any other loans taken out on the same property.
How much should a 70 year old have in stocks?
If you're 70, you should keep 30% of your portfolio in stocks. However, with Americans living longer and longer, many financial planners are now recommending that the rule should be closer to 110 or 120 minus your age.
How much should a 60 year old have in stocks?
So, for a typical 60-year-old, 40% of the portfolio should be equities. The rest would comprise high-grade bonds, government debt, and other relatively safe assets.
Should a 70 year old get out of the stock market?
Indeed, a good mix of equities (yes, even at age 70), bonds and cash can help you achieve long-term success, pros say. One rough rule of thumb is that the percentage of your money invested in stocks should equal 110 minus your age, which in your case would be 40%. The rest should be in bonds and cash.
Why do companies sell senior notes?
A senior notes offering refers to the sale of senior notes by a company seeking to raise money from investors. Typically, the announcement of a senior notes offering is accompanied by a legal disclosure of the amount the company is seeking to raise, and what the company plans to do with the money.
Are senior notes considered high yield?
High yield bonds are generally structured to be junior to bank debt, i.e. they will either be expressly subordinated (“Subordinated Notes”) or effectively subordinated (but still referred to as “Senior Notes”). A vast majority of high yield bonds in Europe are marketed as “Senior” notes.
Is a note the same as a bond?
Notes are similar to bonds but typically have an earlier maturity date than other debt securities, such as bonds.
What are the risks of unsecured notes?
What are the Key Risk Factors? The main concern with unsecured notes is the risk of default. If a borrower cannot pay, the lender does not have collateral they can foreclose upon. There are other risks as well, including lack of liquidity.
Are all senior loans secured?
Senior bank loans are typically secured via a lien against the assets of the borrower. Senior bank loans most often come with floating interest rates. Historically, lenders that issue senior bank loans have been able to recover the entirety of the loan when the borrower has defaulted.
Are secured notes risky?
Key Takeaways. A secured note is form of loan or corporate debt that is backed by assets as collateral attached to it. Because it is collateralized, it is a less risky prospect for an investor than an unsecured note, and carries a lower interest rate in turn.
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