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Investing Glossary:
Subordinated debenture bond
Copyright 2010,
Campbell R. Harvey. All Rights Reserved.
Do not reproduce without explicit permission.
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| Term: |
| Subordinated debenture bond
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| Definition: |
| 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.
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