A senior note is a type of bond that gives investors a higher-priority claim over junior bonds if a company defaults on its debt and files bankruptcy. Read More: https://www.thebalance.com/senior-notes-5190924?utm_source=emailshare&utm_medium=social&utm_campaign=shareurlbuttons

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Source: https://sincityfinancier.wordpress.com/2021/07/20/shared-from-thebalance-com-what-is-a-senior-note-and-why-is-it-a-type-of-bond-with-higher-priority-claim/