subordinated debt

British

noun

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

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

S&P also lowered credit ratings on First Republic's subordinated debt and preferred stock to 'D' from 'B-.'

From Reuters • May 3, 2023

Providers of mezzanine financing - subordinated debt, often with an equity kicker - have been under pressure in the face of competition from cheaper sources of loans.

From Reuters • Mar. 7, 2014

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

While other firms relied on the public debt markets, Forstmann raised his own special subordinated debt fund.

From New York Times • Nov. 20, 2011

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

From BusinessWeek • Oct. 6, 2011

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023