Subordinated Term Debt
Subordinated debt is debt that ranks lower than ordinary depositors of the bank. Only those with a minimum original term to maturity of five years can be included in the calculation of this form of capital; they must be subject to proper amortization arrangements.
Read more about this topic: Tier 2 Capital
Famous quotes containing the words subordinated, term and/or debt:
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—Calvin Coolidge (1872–1933)