劣れつ後ご

noun, noun or participle which takes 'suru'

subordination; juniority

Financial and legal term referring to a lower priority in claims, rights, or ranking. Often used in contexts like subordinated debt or junior securities.

• 劣れつ後ご債さいは普ふ通つうの社しゃ債さいより返へん済さい順じゅん位いが低ひくい。

  Subordinated bonds have a lower repayment priority than ordinary corporate bonds.

• この契けい約やくでは、当とう社しゃの債さい権けんは他ほかの債さい権けんに劣れつ後ごする。

  Under this contract, our claim is subordinated to other claims.