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Longman Dictionary of Contemporary English
seniority
noun
EXAMPLES FROM OTHER ENTRIES
▪ People should be promoted and rewarded on merit, not seniority.
▪ There is no substitute for seniority and experience.
EXAMPLES FROM CORPUS
▪ At least we would be out of the rat race until I had worked up some seniority in my job.
▪ Bonuses are linked to productivity at Sofmap, and promotion is purely by merit, not seniority.
▪ Even if they return to work for the same firm when their children go to school their seniority is lost.
▪ He circumvented the seniority system, handpicking some of the most important chairmen.
▪ In general, the higher the employee's seniority, the greater the willingness to move.
▪ In spite of his breakdowns, Hoccleve achieved a position of seniority and in due course retired with a pension.
▪ The fourteen Area Board chairmen were men of some seniority and experience.
▪ Today, seniority and loyalty mean nothing in the workplace.
The Collaborative International Dictionary
Seniority

Seniority \Sen*ior"i*ty\, n. The quality or state of being senior.

Douglas Harper's Etymology Dictionary
seniority

"priority on office or service," mid-15c., from Medieval Latin senioritas, from Latin senior (see senior (adj.)). Meaning "state or quality of being senior" is from 1530s.

Wiktionary
seniority

n. A measure of the amount of time a person has been a member of an organization, as compared to other members, and with an eye towards awarding privileges to those who have been members longer.

WordNet
seniority
  1. n. higher rank than that of others especially by reason of longer service [syn: senior status, higher status, higher rank]

  2. the property of being long-lived [syn: longevity]

Wikipedia
Seniority

Seniority is the concept of a person or group of people taking precedence over another person or group because the former is either older than the latter or has occupied a particular position longer than the latter. Seniority is present between parents and children and may be present in other common relationships, such as among siblings of different ages or between workers and their managers.

Under a seniority system, control is often granted to senior persons due to length of service in a given position. When persons of senior rank have less length of service than their subordinates, "seniority" may apply to either concept.

Seniority (financial)

In finance, seniority refers to the order of repayment in the event of a sale or bankruptcy of the issuer. Seniority can refer to either debt or preferred stock. Senior debt must be repaid before subordinated (or junior) debt is repaid. Each security, either debt or equity, that a company issues has a specific seniority or ranking. Bonds that have the same seniority in a company's capital structure are described as being pari passu. Preferred stock is senior to common stock in a sale when preferred shareholders must receive back their preference, typically their original investment amount, before the common shareholders receive anything.

The seniority of bonds recognised in FpML (Financial products Markup Language) are as follows:

FpML Value

Description

Senior

Top precedence

SubTier3

Subordinate, Tier 3

SubUpperTier2

Subordinate, Upper Tier 2

SubLowerTier2

Subordinate, Lower Tier 2

SubTier1

Subordinate, Tier 1

Usage examples of "seniority".

Mortati had waited patiently at the main altar as each cardinal, in order of seniority, had approached and performed the specific balloting procedure.

Seniority went by weight, with Klipkop, who had defeated Jackhammer Smit on points over ten rounds and was now the Lowveld heavyweight champion, the most senior, down to myself at the very bottom of the ladder.

Offer him money, a seniority amongst the dukes, the perpetual Presidentship of Wales--what you will, if you can but shake him.

I am not yet employed as such, but in a few years I shall fall into the file of supervisorship by seniority.

And seniority aside, Istvan had the biggest fangs and baddest attitude of all.

Surprise startled the question out of Mercedes Brigham, despite her relative lack of seniority, and Caparelli chuckled with very little humor.

First of all, pay is usually based on seniority at an airline, so it may take many years until a pilot can fly the largest jets and achieve a higher pay scale.

Until someone with more seniority showed up, she was in charge of keeping the middies under control and out of my hair.

Every day, letters of inquiry and notices from the court arrived, and on the first of May, Denisov was ordered to hand the squadron over to the next in seniority and appear before the staff of his division to explain his violence at the commissariat office.

Car rothers got in on the left side, in deference to General Waddelfs seniority.

The Company lined up in order of seniority, which meant that the new privates, in the back, caught only glimpses of the glinting piles before veterans blocked their view.

Of the nearly sixty mages currently in the Order, Baden ranked approximately twentieth in seniority, and he and Jaryd stood several places in back of Sartol, and two places ahead of Radomil.

Mortati had waited patiently at the main altar as each cardinal, in order of seniority, had approached and performed the specific balloting procedure.

Only Ingram had the seniority, and knew Celia well enough, to laugh aloud.

If Lara Quistner deferred to Blesh on the basis of his seniority, and if he was consistently unrealistic, difficulties for the group were guaranteed.