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Finance Glossary

Just call us Bond. Amortized bond.

Over 700 finance terms, Shmooped to perfection.

Subordinated Debenture


A corporate bond that is lower in priority - i.e., subordinated - to other debt that the company has incurred. Debentures are usually not secured by specific collateral, so they're the equivalent of a standing room ticket at an English soccer match. Good luck.