Subordinate debenture
Subordinate debenture is a bond having a claim on assets only after the senior debt has been paid in full in the event of liquidation.
Definitions
According to Fundamentals of Financial Management by Eugene F. Brigham and Joel F. Houston (15th edition),
- Subordinate debenture. Bonds having a claim on assets only after the senior debt has been paid in full in the event of liquidation.
Related concepts
- Financial management. A combination of enterprise efforts undertaken in order to procure and utilize monetary resources of the enterprise.
