Business / Taxes / Subordinated Debt: Subordinated debt generally refers to debt securities that have a secondary or lesser claim to the issuer’s assets than more senior debt, should the issuer default on its obligations. In fact, there are also levels of subordinated debt, with senior subordinated debt having a higher claim to repayment than junior subordinated debt.
Debt Adjective Synonyms: obligation, due, indebtedness, liability, responsibility, accountability, encumbrance
Business / Loan / Subordinated Debt (Junior Debt): Debt over which senior debt takes priority. In the event of bankruptcy, subordinated debt-holders receive payment only after senior debt is paid in full. A subordination of security interest in proper MORE
Business / Finance / Senior Debt: Debt whose terms in the event of bankruptcy, require it to be repaid before subordinated debt receives any payment. MORE