# Subordinated debt (also often referred to as subordinated obligation in German)

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- Modified: 2023-07-25T21:14:11+00:00
- Language: en

## Definition

Subordinated debt or mezzanine capital. Subordination refers to the servicing of the lenders in the event of insolvency (the debt is repaid after the claims of the other creditors, in particular the senior creditors, have been settled. Subordinated debt is also called junior debt). - See seniority, senior tranche. Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec. Professor Dr. Eckehard Krah, Dipl.rer.pol. E-mail address: info@ekrah.com https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk https://www.jung-stilling-gesellschaft.de/merk/ https://www.gerhardmerk.de/

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