Prior-Lien Bond
Barron's Finance & Investment Dictionary:
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Prior-Lien Bond
bond that has precedence over another bond of the same issuing company even though both classes of bonds are equally secured. Such bonds usually arise from reorganization.
See also junior issue.
See also junior issue.
| Print Money, Principal Sum | |
| Prior-Preferred Stock, Priority |
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Barron's Finance & Investment Dictionary
Dictionary of Finance and Investment Terms. Copyright © 2010 by Barron's Educational Series, Inc. All rights reserved.
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