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Finance Dictionary and Glossary of Investment Terms
subordinated debt
Definition 1.
Debt that is either unsecured or has a lower priority than that of another debt claim on the same asset or property. also called junior debt.
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Definition 2.
Debt over which senior debt takes priority. In the event of bankruptcy, subordinated debtholders receive payment only after senior debt claims are paid in full.
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Definition 3.
A loan (or security) that ranks below other loans (or securities) with regard to claims on assets or earnings.
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