Senior Interest

Senior Interest

A right that takes effect prior to others or has preference over others.

For example, a first mortgage is an interest that is senior to a second mortgage and all subsequent mortgages.

References in periodicals archive ?
Available reserve accounts are expected to be sufficient to cover for any shortfall in senior costs and senior interest for a period of two to five months, depending on the transaction.
* A $1,000,000 bridge loan secured by a senior interest in two defaulted notes collateralized by a 60,000 s/f commercial building located on State Road 9 in Miami, Florida.
(37) Even as a compromise, however, this bargain's illusory link between the expansion of the senior interest and the extension of the junior call option rests on the faulty premise that the secured creditor's rights do not reach beyond liquidation value outside of bankruptcy.
Also, it competes unfavored with any other senior interest.
By either visiting the blog or signing up for alerts of new posts, you can be kept up to date on a variety of topics of senior interest. About twice a month, a new article is published and since Dara is an avid reader, she also reviews books related to senior issues.
The K-020 certificates include two senior principal and interest classes, one senior interest only class and a junior interest only class.
Although involvement in the Yorkshire League has now dwindled to just one men's team in the Premier Division, there is still plenty of senior interest at the club, with six men's teams in the Kirklees and Calderdale League, two ladies' teams and an Over 45s.
14-goal star Paul, who has attracted senior interest, says Tommy, right, has made him better player
There must also be sufficient liquidity in the deal to pay senior interest on all non-PIK tranches.
The holders of the junior interest argue that the debtor is, in fact, worth more than $100, while the holders of the senior interest argue that the debtor is worth less than $100.
In previous discussions with the IRS, there have been indications that certain senior interest technicians would be designated to work the interest netting computations.
In addition, if a senior interest in securitized assets has been sold, via the SPV, it follows that what remains must be of lower average credit quality.
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