With bonds, what is the difference between Seniority and Security? DA stinking fund is never fun.
Seniority depends on the date a bond is issued.
Security is how safe the bond is.
Security is a sinking fund.
Seniority is the depth of the sinking fund.
A sinking fund is both senior and secure.
Security is the collateral pledged to a bond.
Seniority is the priority of payment. Get Finance homework help