subordinated notes Meaning in Cambridge Business English Dictionary
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Meaning of "subordinated notes" - Business English Dictionary

subordinated notes

noun [plural]
 
 
FINANCE
notes (= loans for short periods) where the company or person lending the money will be paid back after others, or will receive a smaller amount than they are owed, if the person borrowing money gets into financial difficulty
(Definition of subordinated notes from the Cambridge Business English Dictionary © Cambridge University Press)
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