The terms subordinated debt and unsecured note are interchanged as they are both corporate bonds that have identical features.

Name: The terms subordinated debt and unsecured note are interchanged as they are both corporate bonds that have identical features.
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Subordinated debt refers to different debt issues with different ranking in respect to payment claims in the case of default by the company. An unsecured note is a corporate bond with no security or collateral attached.

The Terms Subordinated Debt and Unsecured Note Are Interchanged as They