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Glossary
The following are defintions for financial terms used throughout our investor relations section.
Senior Loan
A loan that gives the lender first priority (as the senior lender) in the collateral securing the loan.
Shares Outstanding
The number of shares issued by a company, net of any shares repurchased by the company.
Subordinate Loan
A loan that receives payment after senior loans are satisfied and may have no security interest or a junior security interest in any of the client’s assets.
