* Site-Outage Notice: Our engineering elves will be tweaking the Shmoop site from Monday, December 22 10:00 PM PST to Tuesday, December 23 5:00 AM PST. The site will be unavailable during this time.
© 2014 Shmoop University, Inc. All rights reserved.

Finance Glossary

Just call us Bond. Amortized bond.

Over 700 finance terms, Shmooped to perfection.

Subordinated Debenture


A corporate bond that is lower in priority - i.e., subordinated - to other debt that the company has incurred. Debentures are usually not secured by specific collateral, so they're the equivalent of a standing room ticket at an English soccer match. Good luck.