Junior security

Definition:

A security that has a lower-priority claim on a company's assets and income than a senior security. For example common stock is junior to preferred stock.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

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FLEX Options

Exchange traded equity or index options, where the investor can specify within certain limits the terms of the options, such as exercise price Expiration date, exercise type, and settlement... Read More

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