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prior-lien bond

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Financial Dictionary

prior-lien bond

A bond with a priority claim over other bonds, both secured and unsecured, of the same issuer.

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
Cite This Source
Merrill Lynch Investing
We Can Provide Financial Insights To Help You Get Back On Track
www.TotalMerrill.com
Bond Mutual Funds
Find Bond Funds That Beat Their Lipper Benchmarks. Get Started Now.
TRowePrice.com
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