- junior security issue
- Debt or equity issue that is subordinate to another security issue in terms of interest, principal, dividends, payment on dissolution, etc.See also security
Black's law dictionary. HENRY CAMPBELL BLACK, M. A.. 1990.
Black's law dictionary. HENRY CAMPBELL BLACK, M. A.. 1990.
junior security issue — Debt or equity issue that is subordinate to another security issue in terms of interest, principal, dividends, payment on dissolution, etc. See also security … Black's law dictionary
security — Protection; assurance; indemnification. The term is usually applied to an obligation, pledge, mortgage, deposit, lien, etc., given by a debtor in order to assure the payment or performance of his debt, by furnishing the creditor with a resource… … Black's law dictionary
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