subordinated
adjective[before noun]
FINANCEuk/səˈbɔːdɪnət/us(alsosubordinate)used todescribealoanthat will bepaidback after otherloans, if thepersonborrowingmoneygets intofinancialdifficulty:
Franklin Auto Loan Fundingissuedseniorandsubordinatedcertificatesto threeinstitutionalinvestors.
Thegrouphasapproximately$41 million ofsubordinateddebtoutstanding.
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mezzanine
senior