• Is a class of securities which have high or the highest claim against a borrower. Often they are secured or collateralized.
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| ||Absolute priority: Rule in bankruptcy proceedings whereby Senior creditors are required to be paid in full before junior creditors receive any payment.|
| ||Bond arbitrage hedge funds: Try to capture interest rate differentials or spreads due to mispricing or better financing than general market participants can attain. Sometimes, there can be a yield pickup due to convergence between two instruments, a pricing discrepancy due to inefficient evaluations of Senior and junior credit risks, or relative value differences.|
| ||Compliance registered options principal: Is the designated supervisor within a firm who is responsible for the firm and its employees to abide by the rules and regulations governing options. In particular, this person has oversight on sales literature and advertising. Advertising must also be submitted to outside regulatory bodies. Generally, the Compliance Registered Options Principal may not also be the Senior Registered Options Principal. However, an exception is provided for firms do not exceed a certain threshold in terms of revenue. This person is Securities Series 4 licensed.|
| ||Insider information: Information about a company's activities that has not been disclosed to the general public. It is illegal for anyone with access to such information to make trades based on it.Relevant information about a company that has not yet been made public. It is illegal for holders of this information to make trades based on it, however received.Is important knowledge about a company's affairs which has not been made public. It is illegal to trade on such information in a number of countries including the United States. Often this information by nature is only viewed by Senior officials or those working closely with executives.|
| ||Insiders: These are directors and Senior officers of a corporation -- in effect those who have access to inside information about a company. An insider also is someone who owns more than 10% of the voting shares of a company.|
| ||Related Terms|
| ||Senior debt|
Senior registered options principal
Helping Disabled or Elderly Relatives With Money Management, Even From Far Away: Millions of people serve as financial caregivers for ill or elderly spouses, parents, children or other loved ones. They perform services that include paying bills, handling deposits and investments, filing insurance claims and preparing taxes. Because this role can be costly and physically and emotionally exhausting, especially for a caregiver who lives far away or has the usual time-demands, FDIC Consumer News offers some suggestions. More...
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