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Investor Definitions

SENIOR BOND

A bond that has a higher priority than another bond's claim to the same class of assets in case of a default or bankruptcy. Settlement Date - The agreed date for the delivery of bonds and payment of funds.

BONDSENIOR

A bond that has a higher priority than another bond’s claim to the same class of assets in case of a default or bankruptcy. Settlement Date — The agreed date for the delivery of bonds and payment of funds.