subordination
1
8.6
- noun
- /səˌbɔːrdɪˈneɪʃən/
- Specialized
:
subordinación
- Based on the reorganized military prerogatives data in Table 1, it would appear that the Nicaraguan case currently falls in between Fitch's categories of conditional subordination and democratic control.
Examples
-
However, if credit recognition also involves consideration of the educational process and instructor qualifications, then the arrangement is more like a typical form of subordination.
Academic text (2011) -
Argentina maintained that refusing to pay its debt year after year and enacting a "Lock Law" that blocked the government from settling with the holdouts did not amount to subordination.
Blog text (16) -
The agreement on Friday was to take the incredibly bold step of avoiding subordination in the Spanish bond market.
Blog text (6) -
Hierarchical capital structures can be complex, as they combine contractual priority (subordination agreements) with property rights over pools of assets (security interests).
Academic text (2017) -
This and other patterns in their database suggest to WSG that "the pari passu clause has become less focused on involuntary subordination over time, rather than more."
Blog text (14) -
In the end, both sides engaged in form-substance arbitrage—Argentina with nonpayment/subordination, and NML with injunction/attachment.
Blog text (16) -
The subordination of junior debt means that investors in senior debt will be paid first in case of bankruptcy.
-
Understanding the terms of subordination is crucial for anyone involved in finance or real estate transactions.
-
The lender insisted on the subordination of existing liens to secure a better loan agreement for the property.
Synonyms
Being less important or having less power than others
Antonyms
How Senior
- Specialized
- Specialized
2
5.1
- Specialized
1
5.4
- Specialized
1
8.6
Surface Forms
Morphology
subordination = subordinate (semi-transparent) = sub + ordinate + ion
Formally the same derivation as the general noun, but the legal/financial sense (ranking of debts/claims) is a domain-specific extension that may not be obvious to average learners.
Etymology
Subordination comes from the Latin parts sub- 'under' and ordinare 'to put in order', the same root as order. In law and finance it means one debt is put 'under' another in the order of who gets paid, so it explains the idea of lower priority for repayment.