But when the debt is secured against an asset, lenders and borrowers can both lose.
但是如果债务是由资产担保的那么债务人和债权人则都有可能遭受损失。
2
The remaining 85% of senior unsecured debt would have been unaffected, as would the bank’s secured creditors and its customers and counterparties.
剩下的85%高级未担保债务本该不受影响，就像雷曼受担保的债权人和顾客以及其他合约方。
3
The instrument is a form of senior debt that is paid back from the issuer's cash flows but is also secured against a ring-fenced pool of assets, such as mortgage loans, in the event of default.