senior debt
C1CEFR level
78/100Rarity: rare
TechnicalRegister
Borrowing that ranks first for repayment and is usually secured against the company's assets, making it the lowest-risk tier of financing.
The senior debt was fully secured, so those lenders sat at the top of the repayment waterfall.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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