Meaning of “subordinated bond” in the English Dictionary

business-english dictionary

"subordinated bond" in Business English

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subordinated bondnoun [ C ]

also subordinate bond uk us also subordinated debenture FINANCE

a bond that will be paid back after other bonds, if the issuer (= company or government offering it for sale) gets into financial difficulty:

(Definition of “subordinated bond” from the Cambridge Business English Dictionary © Cambridge University Press)