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LSDefine

Simple English definitions for legal terms

senior security

Read a random definition: nient culpable

A quick definition of senior security:

Senior security is a way to make sure that someone will pay back money they owe. It's like a promise that they will pay back what they borrowed, 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 ownership or a creditor relationship with a company or government. It can be a stock, bond, or other type of investment. The value of a security depends on how well the company or government is doing.

A more thorough explanation:

Senior security is a type of security that provides assurance to a creditor that they will be repaid any money or credit extended to a debtor. It is a form of collateral that is given or pledged to guarantee the fulfillment of an obligation.

For example, if a company wants to borrow money from a bank, they may offer senior security in the form of assets such as property or equipment. This gives the bank the assurance that they will be repaid if the company is unable to pay back the loan.

Senior security can also refer to a person who acts as a guarantor for someone else. This means that they are legally bound to repay a debt if the debtor is unable to do so.

Overall, senior security is an important concept in finance and helps to ensure that creditors are protected in case of default.

senior party | senior status

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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
soyalmondoatmilk
8:38
good morning! hoping waves will come our wave today
8:42
GW wave today?
8:57
There’s someone I found on here with the username threeoutchange and if my understanding is correct that’s a reference to the debut album by a pretty cool 90s-00s Japanese band called Supercar. I geeked a little
8:57
It could just be a baseball reference I don’t get though lol
Dkk
9:00
@renard99: also, the same band that does a song in the anime Eureka 7 which I watched when I was like idk, 12
9:00
Yeah! They are pretty good. Three Out Change is an awesome J-rock record
Dkk
9:01
I will probably not listen to them more but fun fact. Really random to start the day. An omen that the waves will be very random today.
Dkk
9:03
Fuck, reading the wikipedia now. Literal last song they did before they broke up was Storywriter. Wow.
9:05
That one is a masterpiece
9:05
My favorite song by them is Recreation
glovediedthisishismom
9:05
snowing
Dkk
9:07
@renard99: man, hard to find.
Dkk
9:07
@glovediedthisishismom: Congrats on the snow.
Dkk
9:16
@renard99: Poetic and nice.
9:42
My name is renard99 and I just sent @babycat feet pics
glovediedthisishismom
9:42
nobody is at the office today they should let little glovey go home and watch harry potter
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