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LSDefine

Simple English definitions for legal terms

junior security

Read a random definition: breviate

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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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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