Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
Subordinate
vb. To place in a lower rank, class, or position; to assign a lower priority to <subordinate the debt to a different class of claims>.
convertible subordinated debenture
A debenture that is subordinate to another debt but can be converted into a different security.
subordinate debenture
A debenture that is subject to the prior payment of ordinary debentures and other indebtedness. 4. English law. A company's security for a monetary loan. ( The security usu. creates a charge on company stock or property. 5. A customhouse certificate providing for a refund of the duties on imported goods when the importer reexports the goods rather than selling them in the country where they were imported.
subordinate debt
See DEBT.
subordinate legislation
1 Legislation that derives from any authority other than the sovereign power in a state and that therefore depends for its continued existence and validity on some superior or supreme authority. 2. REGULATION (2).
subordinate officer
See OFFICER (1).
subordinate officer.
1. An officer ranking below and performing under the direction of another officer. 2. An independent officer subject only to statutory direction.
subordinate political power
Power that, within its own sphere of operation, is subject in some degree to external control because there exists some superior constitutional power that can prevent, restrict, direct, or annul its operation. - Often shortened to subordinate power.
subordinated bond
.See junior bond.