A bank line or a line of credit (LOC) is a kind of financing that is extended to an individual, corporation, or government entity, by a bank or other| Corporate Finance Institute
A stock option is a contract between two parties that gives the buyer the right to buy or sell underlying stocks at a predetermined price and within a specified time period.| Corporate Finance Institute
Senior term debt is a loan with a priority repayment status in case of bankruptcy, and typically carries lower interest rates and lower risk.| Corporate Finance Institute
A revolving debt (a revolver, sometimes known as a line of credit or LOC) does not feature fixed monthly payments.| Corporate Finance Institute
Senior Debt is money owed by a company that has first claims on the company’s cash flows. It is more secure than any other debt, such as subordinated debt| Corporate Finance Institute