senior security
Defined in 1 dictionary — U.S. Code
United States Code
15 U.S.C. § 77R — for purposes of this section (2 versions over time)
The term “senior security” means any bond, debenture, note, or similar obligation or instrument constituting a security and evidencing indebtedness, and any stock of a class having priority over any other class as to distribution of assets or payment of dividends.