Subordinateddebentures have a lower priority claim to the firm's assets in the event of bankruptcy.
—一旦公司破产,次级债务对公司的资产有较低的优先受偿权。
2
In our country, from Subordinated Debt of Commercial Bank Approach in 2004 to the end of 2007, there are 20 banks have issued 38 subordinateddebentures.