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.
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debenture
convertible debenture
senior note
unsecured debt
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reversionary bonus
organise
factoring
positive carry
International Accounting Standards