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| Definition Of: |
Joint Security
A security with a lower claim on assets in the event of a company's liquidation. Normally, common stock is most junior to all other corporate issues. Then, from junior to senior, the order is preferred stock, debentures, and mortgage bonds. This last item is a direct claim on real property and is the most senior.
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BASSAM Finance Dictionary INDEX:
List of Terms: Terms beginning with "A", Page 1 |
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1 2 3 4 5 6 7 8 9 10 A: Page 1 of 10.
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