MANSI RASTOGIMANSI RASTOGI asked 6 months ago
1 Answers
RaviRavi Staff answered 6 months ago

loan given is asset
borrower may give us security 
now if we dont have first right of recovery from the security , our right to recover comes after anyone else, then it means we have subordinate (secondary / lower) recovery rights
hence such loan will be called as subordinate debt asset

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