subordinate

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Subordinated

Describing a class of security that, in the event of liquidation, is prioritized lower than other classes of security. For example, a subordinated security may be an unsecured loan, which has no collateral. Should the issuer be liquidated, all secured bonds and debts must be repaid before the subordinated security is repaid. A subordinated security carries higher risk but also pays higher returns than other classes. See also: Junior Debt.

subordinate

To agree to place one's mortgage or other interests in a junior position relative to another. See subordinated ground lease and subordinated mortgage.

References in periodicals archive ?
Primary veins in the area trend to the northeast and subordinately to the west-northwest, both with steep dips to the north.
Loving quite ahistorically (and repeatedly) implies that because what he chooses to characterize as feminism ("the contemporary debate or cause" [141]) is a twentieth-century phenomenon, the question of gender is only rarely, and generally subordinately, relevant to the work of criticism: "Ultimately, Isabel [Archer]'s problem is not with her gender .
On the other hand, the dominant masochist of one setting (the person who feels potentially, or has actually been, victimized by crime, for example) may react by becoming subordinately sadistic elsewhere, such as in his or her eagerness to embrace greater punishment of the already imprisoned prisoner, or by voting for politicians who wish to build more jails and favor "three strikes and you're out" displays of toughness.
The sequence is dominated by Upper Jurrasic-Cretaceous redbeds, covered by Tertiary poorly consolidated gravels and subordinately by ignimbrites.