What Is a Bond's Seniority

question 9

Multiple Choice

What is a bond's seniority?

• A) the yield to maturity of a bond as compared to bonds of comparable rating
• B) the issue price of the bond as compared to its face value
• C) clauses restricting a company from issuing new debt
• D) the bondholder's priority in claiming assets in the event of default

---

Definitions:

Multiple Sclerosis

Multiple Sclerosis is a chronic autoimmune disease that affects the central nervous system, leading to demyelination and potential neurological disability.

Oligodendrocyte

Neuroglial cell that has cytoplasmic extensions that form myelin sheaths around axons in the central nervous system.

Myelin Sheaths

Insulating layers around nerves that increase the speed at which electrical impulses are transmitted.

Interneuron

A type of neuron that serves as a connector or intermediary between sensory neurons and motor neurons in the central nervous system.