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subordinated debt

British  

noun

  1. 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

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Example Sentences

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The bank has yet to convert preference shares and subordinated debt into capital, as it imposes losses on holders of those securities as part of its rescue.

From Reuters • Feb. 28, 2013

The ratings of the bank's subordinated debt might also be cut because the uncertainty about Diamond and del Missier's replacements will treat its investment banking arm - Barclays Capital.

From The Guardian • Jul. 5, 2012

Founded in 1984, Summit Partners has raised a total of 16 equity funds and subordinated debt funds with combined assets of more than $14 billion.

From Reuters • Jan. 5, 2012

In November, Santander announced plans to exchange $9 billion of so-called subordinated debt at a nearly 10 percent discount.

From New York Times • Dec. 8, 2011

If all classes accept, holders of subordinated debt will be given new shares and warrants.

From BusinessWeek • Oct. 6, 2011

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