MEANING OF SENIOR DEBT
This query is : Resolved
26 August 2007
This is with refrence to Tata Steel this year annual report of Year2006-07. In that words are used in courous finance is Senior Debt what is menat by that please help me.
26 August 2007
Reply me on my email address i.e. meghuvarsad@yahoo.co.in
27 August 2007
Normally a big loan (for the purpose of repayment of various existing loans/expansion/capital purpose) is named as "Senior Debt"
28 August 2007
any form of debt that has priority with respect to interest and principal over other classes of debt and over all classes of equity by the same issuer is termed as "senior debt". if the issuer goes bankrupt, senior debt must be repaid before other creditors receive any payment.
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