subordinate debenture
An unsecured debt instrument that is payable only after more senior debt has been satisfied. Because of the increased risk associated with a subordinate debenture, it typically earns a higher interest rate than either a senior note or a secured debt. See Debenture.

Browse by Subjects

Related Terms

convertible debenture
debenture
senior note
unsecured debt
See All Related Terms »

Popular Terms In Fundamental Analysis

pay hike
Carry Trade
Debit Spread
roll over
book to bill ratio