Loan to a company or an individual that provides the lender a senior claim to the borrower's assets. When a senior bank loan is issued, the borrower usually has no other debt obligations. Thus, if the borrower goes bankrupt, the lender will have a claim on the borrower's assets that supersedes the claims of other creditors.
Related information about senior bank loan:
- Senior Bank Loan Definition | Investopedia
A debt financing obligation issued by a bank or similar financial institution to a company or individual that holds legal claim to the borrower's assets above all ...
- Pyxis Launches Senior Bank Loan ETF (SNLN) - Yahoo! Finance
Nov 7, 2012 ... From Yahoo! Finance: Pyxis Funds is making a splash onto the ETF arena with its debut of the Pyxis/iBoxx Senior Loan ETF (SNLN). Formerly ...
- What is senior bank loan? definition and meaning
Definition of senior bank loan: Loan to a company or an individual that ... When a senior bank loan is issued, the borrower usually has no other debt obligations.
- PowerShares Senior Loan Portfolio - InvescoPowerShares.com
The PowerShares Senior Loan Portfolio is the first senior loan exchange-traded fund (ETF) and seeks investment results that correspond (before fees and ...
- Pyxis Launches Senior Bank Loan ETF (SNLN) | Financial Markets
Pyxis Launches Senior Bank Loan ETF (SNLN). Wednesday, November 7, 2012 15:50. % of readers think this story is Fact. Add your two cents. Share. Tweet. 0 ...
- What Is a Senior Bank Loan?
A senior bank loan is a loan issued by a bank to an individual or, more often, a business in return for interest payments and eventual repayment of the loans.
- Senior Bank Loan: Definition from Answers.com
Senior Bank Loan A debt financing obligation issued by a bank or similar financial institution to a company or individual that holds legal claim to.
- Bank Loan ETFs | ETF Trends
Nov 12, 2012 ... If a company goes under, the loan is considered senior to all other claims – senior bank loan holders are first to be repaid, ahead of others, like ...