Business and Personal Finance Dictionary

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• JUNIOR CREDITOR - A creditor holding junior debt.
  
  
• JUNIOR DEBT - Debt over which senior debt takes priority. In the event of bankruptcy, subordinated debt...
  
  
• JUNIOR DEBT (SUBORDINATE DEBT) - Debt whose holders have a claim on the firm's assets only after senior...
  
  
• JUNIOR ISSUE - A debt or equity issue from one corporation over which the issue of another firm takes p...
  
  
• JUNIOR LIEN (MORTGAGE) - A claim against property which is behind at least one other lien in priority.
  
  
• JUNIOR LIEN/MORTGAGE - An obligation, such as a second mortgage, that is subordinate in right or lien p...
  
  
• JUNIOR LIENS - Liens or claims against a property which are secondary or inferior to the lien of the fi...
  
  
• JUNIOR MORTGAGE - a mortgage that is subordinate to claims of a prior lien or mortgage. Borrowers somet...
  
  
• JUNIOR REFUNDING - Issuing of new securities to refinance government debt that matures in one to five y...
  
  
• JUNIOR SECURITY - In the world of bonds, the term junior means having less claim to repayment. If you o...