Word: junior
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...Without other credit enhancement techniques, tranches are rated differently because each one is paid sequentially, with interest and principal payments on the underlying loans first going to the senior most tranche and the last payments going to the most junior. Effectively, the tranches are, at least in part, rated differently based upon the order in which they receive payment from the underlying loans. In the event of default, the junior most tranche may receive less than their regular return because they are the last tranche to be paid. In order to compensate for the increased risk, the more junior...
...Down 2-1 in the third inning, it was another freshman, Whitney Shaw, who came up big for Harvard. Her single in that frame allowed junior catcher Jessica Pledger and Bock to score the tying and winning runs...
...Junior outfielder Jen Francis went four-for-four at bat and Bock had a three-run triple in the fourth inning to lead the Harvard offensive unit...
...Although the Crimson entered the seventh inning trailing the Rockets by a score of 2-1, Harvard managed to get six of its batters on base and have five score during that stretch. Junior third-baseman Melissa Schellberg—who came off the bench to pinch-hit for sophomore outfielder Emily Henderson—plated freshman Jane Alexander...
...punch from the first half,” Farrar said. “Then [the girls] dug in and went right back at them.” Five different players tallied points for the Crimson on Sunday. Freshmen Monica Zdrojewski and Shannon Purcell recorded two goals apiece. Junior Kristina Bergquist and freshman Devan Kennifer added scores of their own. And, with 1:32 remaining in the game, freshman Lizzie Abbott netted the crucial goal to put the Crimson ahead of the Seawolves. NO. 1 STANFORD 20, HARVARD 2 Harvard fell to the No. 1 Stanford Cardinal in its first game...