subordinated debt

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Also found in: Financial.
Related to subordinated debts: Subordinated Debentures, Unsubordinated Debt

subordinated debt

n
(Commerce) commerce a debt that an unsecured creditor can only claim, in the event of a liquidation, after the claims of secured creditors have been paid
References in periodicals archive ?
Lower Tier 2 debt issued by these leasing companies are rated three notches below their respective National Long-term rating, given weak recovery prospects an investor could expect on investments in these subordinated debts in the event of default," Fitch said
Fitch said the review is part of a broad review of Fitch-rated subordinated debts.
Fitch Ratings has revised "Tunisie Leasing", "Arab Tunisian Lease," "Compagnie Internationale de Leasing" and "Attijari Leasing's subordinated debt issues' National Long-term ratings.