subordinated
C2CEFR level
72/100Rarity: rare
TechnicalRegister
Law adjective
Describing debt that ranks behind other obligations for repayment in the event of default or insolvency.
Holders of the subordinated notes recovered nothing once the senior lenders had been paid.
Business adjective
Ranking below other claims for repayment if the borrower defaults.
Holders of the subordinated notes recovered pennies on the dollar once the senior lenders were made whole.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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