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English definition of “subordinated bond”

subordinated bond

noun [C] ( also subordinate bond)
 
 
( 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: Banks regularly issue undated subordinated bonds to boost their capital base.
(Definition of subordinated bond from the Cambridge Business English Dictionary © Cambridge University Press)
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