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English definition of “subordinated”

subordinated

adjective [before noun]
 
 
/səˈbɔːdɪnət/ (also subordinate) FINANCE
used to describe a loan that will be paid back after other loans, if the person borrowing money gets into financial difficulty: Franklin Auto Loan Funding issued senior and subordinated certificates to three institutional investors. The group has approximately $41 million of subordinated debt outstanding. → Compare mezzanine, senior
(Definition of subordinated from the Cambridge Business English Dictionary © Cambridge University Press)
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