The priority status of a creditor's claims against the borrower/issuer relative to those of other creditors is known as

The priority status of a creditor's claims against the borrower/issuer relative to those of other creditors is known as

The priority status of a creditor's claims against the borrower/issuer relative to those of other creditors is known as 






A) security
B) seniority
C) collateral
D) standing






Answer: B