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Glossary · Structure

Senior secured

Definition

Debt backed by collateral and ranked first for repayment. In a BDC portfolio it covers first-lien loans and other senior secured loans; the first-lien share is one of the readings in the BDC score.

Definitions describe how YieldDesk reads the term. Nothing on this page is investment advice or a recommendation to buy, sell or hold.

The records these terms describe open with a free account.

No card is required. Every record page reads what a security pays, what to check and the payment history.

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