subordinated debentures

subordinated debentures
subordinated bonds or debentures
A bond that has a claim on the issuing firm's assets that is junior to other forms of debt in the event of a liquidation. The claims of subordinated debenture holders can be met only after all the claims of senior creditors have been met. Usually such bonds or debentures are not subordinate to general creditors but only to debt owed to a financial institution

Black's law dictionary. . 1990.

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  • subordinated — /seuh bawr dn ay tid/, adj. Finance. noting or designating a debt obligation whose holder is placed in precedence below secured and general creditors: subordinated debentures. [SUBORDINATE + ED2] * * * …   Universalium

  • subordinated — /seuh bawr dn ay tid/, adj. Finance. noting or designating a debt obligation whose holder is placed in precedence below secured and general creditors: subordinated debentures. [SUBORDINATE + ED2] …   Useful english dictionary

  • subordinated bonds or debentures — A bond that has a claim on the issuing firm s assets that is junior to other forms of debt in the event of a liquidation. The claims of subordinated debenture holders can be met only after all the claims of senior creditors have been met. Usually …   Black's law dictionary

  • subordinated bonds — or debentures A bond that has a claim on the issuing firm s assets that is junior to other forms of debt in the event of a liquidation. The claims of subordinated debenture holders can be met only after all the claims of senior creditors have… …   Black's law dictionary

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  • ОБЛИГАЦИИ ПОДЧИНЕННЫЕ — СУБОРДИНИРОВАННЫЕ(SUBORDINATED DEBENTURES). Облигации, содержащие оговорку об их ПОДЧИНЕННОСТИ, к рая означает, что они являются младшими по отношению к др. облигациям, т. е. требования по ним удовлетворяются после того, как удовлетворены… …   Энциклопедия банковского дела и финансов

  • Chinese paper —    a security of doubtful value    When something happened to break the flow, it came tumbling down on leverage until it... was buried under the Chinese paper. (Train, 1983, describing a buyout financed by subordinated debentures) …   How not to say what you mean: A dictionary of euphemisms

  • debenture — a fixed interest investment in a company, which has priority for interest payments, generally redeemable after the lapse of a specified time Any debt obligation backed strictly by the borrower s integrity, e.g. an un secured bond. A debenture is… …   Financial and business terms

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