Junior Security: In the world of bonds, the term junior means having less claim to repayment. If you own a junior security and the issuing company goes out of business, you have less claim on any assets than an investor who owns a senior security issued by the same company. But all bondholders, whether they own junior or senior securities, are senior to, or have a greater claim than, holders of preferred stock, who in turn are senior to holders of common stock.

 

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Junior Security: In the world of bonds, the term junior means having less claim to repayment. If you own a junior security and the issuing company goes out of business, you have less claim on any assets than . . . View Full Definition

Security Deposit: Money deposited by or for the tenant with the landlord, to be held by the landlord for the following purposes: 1. to remedy tenant defaults for damage to the premises (be it accidental or in . . . View Full Definition

Security Characteristic Line: A plot on a graph of the excess return on a security over the risk-free rate as a function of the excess return on the market. The slope of this line is the security's beta.

Security Agreement: Security interests in chattels (personal property) are created by an instrument known as a security agreement. To give notice of a security interest, a financing statement must be recorded.