Senior Bank Loan

Senior anything is higher in priority than Junior. So the same applies to a bank loan.

Example:

Your fine glassware with swear words etched on it lovingly by craftsmen from Europe borrowed a total of $80 million, $50 million in Senior bank loans, and $30 million in Junior bank loans. Shockingly, the company goes belly up and, at auction, all of its assets get $60 million in bids. The Senior bank loans gets $50 million and the Junior bank loans get $10 million.

Yes, it's good to be senior. Ask AARP.