Subordinated debenture bond
An unsecured bond that ranks after secured debt, after debenture bonds, and often after some general creditors in its claim on assets and earnings. Related: Debenture bond, mortgage bond, collateral trust bonds.
Nearby TermsSubordinated Subordinated bonds Subordinated debenture bond Subordinated debt Subordination clause
Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University