subordinated debt; junior debt
Financial term for debt that ranks below other debts in case of liquidation; common in banking and corporate finance.
銀行は劣後債を発行して資本を増強した。
The bank issued subordinated debt to strengthen its capital.
Compound of 劣後 (retsugo, 'subordination') and 債 (sai, 'debt'). The term is a direct translation of the English financial concept.