Search

Nearby Terms

sublease
subordinate debenture
subscribe

subordinate debenture

definition

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.

Related Terms

 • unsecured debt  • debenture  • convertible debenture  • senior note