English version


From Longman Business Dictionarysubordinatedsub‧or‧di‧nat‧ed /səˈbɔːdəneɪtəd-ɔːr-/ adjective subordinated bond/debt/loan etcFINANCE a bond, debt etc which will be repaid only after all other debts and loans have been paid if the borrower gets into financial difficultyThe company has $230 million in bank debt and $285 million in subordinated debt.
Pictures of the day
What are these?
Click on the pictures to check.