SUBORDINATED

pp. Placed in an inferior rank; considered as of inferior importance; subjected.

subordinated debt

sub or di nat ed debt |səbˈôrdnˌātid səbˌɔrdnˌeɪdɪd ˈdɛt | ▶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.

subordinated debt

sub |or ¦din |ated debt ▶noun Finance a debt owed to an unsecured creditor that in the event of a liquidation can only be paid after the claims of secured creditors have been met.