subordinated notes Meaning in the Cambridge English Dictionary
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Meaning of “subordinated notes” in the English Dictionary

"subordinated notes" in Business English

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subordinated notesnoun [plural]

uk   us   FINANCE
notes (= ​loans for ​shortperiods) where the ​company or ​personlending the ​money will be ​paid back after others, or will receive a ​smalleramount than they are ​owed, if the ​personborrowingmoney gets into ​financial difficulty
(Definition of subordinated notes from the Cambridge Business English Dictionary © Cambridge University Press)
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