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Subordinated debenture bond |
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Subordinated debenture bondAn unsecured bond that ranks after secured debt, after debenture bonds, and often after some general creditors in its claim on assets and earnings. Related: Debenture bond, mortgage bond, collateral trust bonds.Subordinated debenture bond Similar MatchesSubordinated bondsSubordinated bondsSecurities that fall after others in priority of claims on the entity in the case of financial distress. Subordinated debtSubordinated debtDebt over which senior debt takes priority. In the event of bankruptcy, subordinated debtholders receive payment only after senior debt claims are paid in full. SubordinatedSubordinatedA claim ranked lower in priority than other claims. Common stock claims are always subordinated to debt. |
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