senior position
- noun
- Specialized
:
posición preferente
- Senior positions first!
Examples
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Priority for senior positions!
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Bondholders have a more senior position than other creditors during bankruptcy proceedings.
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The bank treated the loan as a senior position when organizing claims in the bankruptcy.
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Investors prefer bonds that hold a senior position because they are repaid before others.
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During negotiations, creditors argued for a senior position in the company's capital structure.
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In a bankruptcy, the bank's loan has a senior position over other unsecured debts.
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Investors in secured loans often hold a senior position in the company's capital structure.
Antonyms
- Specialized
1
8.6
An arrangement that puts one debt below another when being paid back
How Senior
Surface Forms
Morphology
The constituents 'senior' (higher rank/status) and 'position' (standing) transparently suggest a higher standing or priority, so a B1 learner who knows the words can infer a sense of greater precedence. However, the precise finance-law meaning — a claim or debt that has legal priority in repayment — is a specialized, domain-specific extension that is not fully predictable from the words alone, so it is only partially transparent.
Etymology
Senior position comes from the image of people in a line where the senior ones stand in the front position to be paid first. So in finance it means a right to be 'paid before others'.