Who can give me simple explanation for subordinated debt?Hi,How about this from InvestorWords?www.investorwords.com/s5.htm#subordinateddebt"subordinated debtDebt that is either unsecured or has a lower priority than that of another debt claim on the same asset or property. also called junior debt. see also senior debt."Probably most important is where subordinated debt (junior debt) ranks on the ladder of corporate debt.Bankrupt Companieswww.fool.com/foolu/askfoolu/2000/askfoolu000830.htmFool On,Keith O'MalleyTMF KGOMalleyThe Motley Fool Money GuideIn this friendly and helpful guide, you'll find simple answers to 500 frequently asked questions about personal finance and investing. You will learn about a wide range of topics including budgeting, buying a home or car, insurance needs, paying for college, investing in mutual funds or stocks, and managing your investment portfolio. http://www.foolmart.com/Shopping/Product_View.asp?PRODUCT_ID=MF031_02&ref=CSBO02111
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