Search Elements:
- Taxonomy
- us-gaap
- Name
- SeniorLoansMember
- Label
- Senior Loans [Member]
- Period Type
- duration
- Type
- dtr-types:domainItemType
- Definition
- A senior loan takes priority over other debt securities sold by the issuer. In the event the issuer goes bankrupt, senior debt holders receive priority for [must receive] repayment [prior] relative to junior and unsecured (general) creditors.