Definition of subordinated debt

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TeachMeFinance.com - explain subordinated debt



subordinated debt -- borrowing in the form of an unsecured note, debenture, or other debt instrument, which in the event of the debtor's bankruptcy, has a lesser claim to the assets of the debtor than other classes of debt.



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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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