Definition of subordinated debt in English:

subordinated debt

Syllabification: sub·or·di·nat·ed debt
Pronunciation: /səbˈôrdnˌātid ˈdet
 
/

noun

Finance
  • A debt owed to an unsecured creditor that can only be paid, in the event of a liquidation, after the claims of secured creditors have been met.
    More example sentences
    • The company also won a 30 million euro waiver on some of its subordinated debt.
    • Certain transaction types are also a good fit for subordinated debt, including management buy-outs and acquisitions.
    • There could be a couple of different debt tiers, maybe using some kind of subordinated debt.

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Word of the day skosh
Pronunciation: skōSH
noun
a small amount; a little