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Simple English definitions for legal terms

senior security

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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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General chat about the legal profession.
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19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
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.
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