SENIOR BANK LOAN
Senior Bank Loan is a debt financing obligation. Senior bank loans are issued by the financial institution, typically a bank, to an entity that may be an individual, a group, or a company that holds legal claim to the assets of the borrower above all other debt obligations. The loan is classified as senior compared to every other claim versus the borrower meaning that in case of a bankruptcy, the senior bank loan will be paid first before any other parties are paid.
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