Meaning of subordinated

sub•or•di•nat•ed

Pronunciation: (su-bôr'dn-ā"tid), [key]
— adj. Finance.
  1. noting or designating a debt obligation whose holder is placed in precedence below secured and general creditors: subordinated debentures.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.
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