Series 27: Subordinated Debt

Taken from our Series 27 - Financial and Operations Principal Qualification Examination

Definition of the term Subordinated Debt...

debt that ranks below other debt in its claims on assets or earnings during a bankruptcy or liquidation.

Since you're reading about Series 27: Subordinated Debt, you might also be interested in:

Solomon Exam Prep Study Materials for the Series 27
Please Enable Javascript
to view this content!