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LSDefine

Simple English definitions for legal terms

junior security

Read a random definition: lying in wait

A quick definition of junior security:

Junior security is a type of guarantee that someone gives to make sure they will pay back money they borrowed. It's like a promise that they will pay back the money with interest. It can also mean a person who promises to pay back the money if the borrower can't. Security can also mean being safe from danger or attack. In finance, a security is a piece of paper that shows you own part of a company or government and can make money from it. It can be a stock, bond, or other type of investment.

A more thorough explanation:

A junior security is a type of security that is subordinate to other securities in terms of priority of payment. A security is a type of financial instrument that represents ownership in a company or government entity, or a promise to pay back borrowed money with interest.

For example, if a company issues bonds to raise money, those bonds are a type of security. If the company also issues preferred stock, that is another type of security. If the company runs into financial trouble and cannot pay all of its debts, the holders of the bonds will be paid first, before the holders of the preferred stock. The preferred stock is considered a junior security because it is lower in priority for payment.

Another example of a junior security is a second mortgage on a house. If the homeowner defaults on the mortgage and the house is sold to pay off the debt, the first mortgage holder will be paid first, before the second mortgage holder. The second mortgage is considered a junior security because it is lower in priority for payment.

In summary, a junior security is a type of financial instrument that is lower in priority for payment than other securities. Examples include preferred stock and second mortgages.

Julian calendar | junior user

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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