What is another word for priority bond?
Pronunciation: [pɹa͡ɪˈɒɹɪti bˈɒnd] (IPA) 
Priority bond is a kind of bond that is given first preference in terms of payment priority during bankruptcy, failure or liquidation. It ensures that bondholders are repaid before other creditors in the event of a company's default. However, there are several synonyms for priority bonds, which can be helpful for investors to understand better. Some of these synonyms include Senior debt, preferred shares, and Secured debt. These bonds are differentiated by their priority and level of security. Therefore, investors should always consider the type of priority bond they are purchasing, as it can affect the level of risk they take on and the potential rewards.
