subordinated
adjective [ before noun ]
FINANCE uk/səˈbɔːdɪnət/ us(also subordinate)used to describe a loan that will be paid back after other loans, if the person borrowing money gets into financial difficulty:
Franklin Auto Loan Funding issued senior and subordinated certificates to three institutional investors.
The group has approximately $41 million of subordinated debt outstanding.
Compare
mezzanine
senior