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 classic literature ?
He did not even look round when he heard the mutter of the word "Providential" from the principal subordinate of his department, whose name, printed sometimes in the papers, was familiar to the great public as that of one of its zealous and hard-working protectors.
It was the most comforting habit of his life, in a mainly successful display of his skill without the assistance of any subordinate.
Then, between his height and them, he slips in his subordinate - don't you see?
For which reason every city must be allowed to be the work of nature, if we admit that the original society between male and female is; for to this as their end all subordinate societies tend, and the end of everything is the nature of it.
It seemed to Philip, brooding over these matters, that in the true painters, writers, musicians, there was a power which drove them to such complete absorption in their work as to make it inevitable for them to subordinate life to art.
Prince Andrew listened attentively to Bagration's colloquies with the commanding officers and the orders he gave them and, to his surprise, found that no orders were really given, but that Prince Bagration tried to make it appear that everything done by necessity, by accident, or by the will of subordinate commanders was done, if not by his direct command, at least in accord with his intentions.
I held a high office," the Convict humbly replied, "and sold subordinate appointments.
It is a truly wonderful fact--the wonder of which we are apt to overlook from familiarity--that all animals and all plants throughout all time and space should be related to each other in group subordinate to group, in the manner which we everywhere behold--namely, varieties of the same species most closely related together, species of the same genus less closely and unequally related together, forming sections and sub-genera, species of distinct genera much less closely related, and genera related in different degrees, forming sub-families, families, orders, sub-classes, and classes.
The limbs divided into great branches, and these into lesser and lesser branches, were themselves once, when the tree was small, budding twigs; and this connexion of the former and present buds by ramifying branches may well represent the classification of all extinct and living species in groups subordinate to groups.
The morality of the powerful class, Nietzsche calls NOBLE- or MASTER-MORALITY; that of the weak and subordinate class he calls SLAVE-MORALITY.
In the matter of wills, personal qualities were subordinate to the great fundamental fact of blood; and to be determined in the distribution of your property by caprice, and not make your legacies bear a direct ratio to degrees of kinship, was a prospective disgrace that would have embittered her life.
The author has provided a functional and practical, as well as theoretical, information-based approach for operational mid-level law enforcement managers to improve productive performance in themselves and their line subordinates.