The holder of which one of these securities has first claim on the assets of a firm?
A) Senior debt
B) Common stock
C) Subordinated debt
D) Preferred stock

Question

Quizplus · Accepted Answer

Senior debt holders have the highest priority in receiving payments from a firm's assets in the event of bankruptcy or liquidation. They are considered first in line to receive their principal and interest payments.

The Holder of Which One of These Securities Has First