â¢ Teamwork at all levels is seen as key to improving processes and services. â¢ Quality management and improvement training are provided at all levels of the organization. â¢ Accountability for quality and productivity improvement is tied to managers' performance evaluations.
DEFINITION of 'Senior Debt'. Borrowed money that a company must repay first if it goes out of business. Companies have a number of options for obtaining financing, including bank loans and the issuance of bonds and stocks. Each type of financing has a different priority level in being repaid if the company decides to liquidate. If the company goes under, the holders of each type of financing have different levels of rights to the company's assets.
Dear Debt Adviser, I am 56 years old and have about $80,000 in student loans from my master's degree, which I completed about eight years ago. The monthly payments are a huge pain now but will be impossible when I stop working. Is there any way to get the balance forgiven by being a senior citizen?fter 25 years, any remaining debt will be discharged, or forgiven. Under current law, the amount of debt discharged is treated as taxable income, so you will have to pay income taxes 25 years from now -- when you are a spry 81-year-old -- on the amount discharged that year.