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

buyback
stock option
poison pill
fellow
spoilage