Definition of senior debt

What is senior debt? Senior debt is borrowed money that a company must first repay if it goes bankrupt. Each type of financing has a different level of priority to be repaid if the company goes ba...

What is it, how does it work

What is a CDO (Collateralized Debt Obligation)? A secured debt security (CDO) is a complex structured financial product that is backed by a pool of loans and other assets and sold to institutional ...

Jump in! The water is good

Dear Dave,I recently got my master's degree in finance and for the past four years I've worked as a social worker. I love my job and have a decent income, but I know I could make more money and get closer to m...