noun
subordinated loan
A loan that ranks below other debts in repayment priority; used in finance contexts.
劣後ローンは、他の債務より返済順位が低い。
A subordinated loan has a lower repayment priority than other debts.
劣後債 is a subordinated bond, while 劣後ローン is a subordinated loan.
Compound of 劣後 (retsugo, 'subordination') and ローン (rōn, from English 'loan').