Examlex
The power to lead the public also implies the power to manipulate public opinion.
Senior Debt
Debt that takes precedence over other unsecured or junior debt owed by the issuer in terms of the order of payment in the event of a liquidation.
Junk Bond
A high-yield but high-risk bond issued by companies or municipalities considered to be at greater risk of default than more secure investment-grade bonds.
Interest Rate
The percentage of a sum of money charged for its use, typically expressed as an annual percentage rate.
Convertible Debt
A type of bond or loan that can be converted into a predetermined amount of the company's equity at certain times during its life, usually at the discretion of the bondholder.
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