Senior Security [Commercial Law] Law and Legal Definition
According to 15 USCS § 77r, [Title 15. Commerce And Trade; Chapter 2A. Securities And Trust Indentures, Domestic Securities ], the term "senior security" means any bond, debenture, note, or similar obligation or instrument constituting a security and evidencing indebtedness, and any stock of a class having priority over any other class as to distribution of assets or payment of dividends.
Legal Definition list
Related Legal Terms
- A Commercial Trade
- ABA-Approved Law Schools
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- Ability to Pay [Tax Law]
- Above the Line Costs (Entertainment Law)
- Absence Rate [Employment Law]
- Absolute Law
- Access Control List [National Security]
- Access Control Mechanism [National Security]
- Accessible Space [National Security]
