Parity Debt
Two or more issues of bonds with the same priority of claim or lien on the same underlying security and sources of repayment (i.e., revenues) for all of the bonds.
bond-basics
Senior Lien Bonds
Bonds having a priority claim on one or more Security Interests relative to the claim against such Security Interests by the holders of other Bonds.
See Also
Start with the Bond Basics
Hundreds of Terms and Concepts
Principal
The face amount or par amount of a bond, not including interest, payable on its maturity date.