If a bank 's shortfalls wipe out equity and subordinated debt , either taxpayers or bondholders must absorb any further losses .
如果一家银行的亏空勾销了股权和次级债务，那么任何进一步的损失必须由纳税人或债券持有人承担。
Some firms are rewarding employees with subordinated debt in their own institutions , meaning they will take a hit if the bank goes bust .
有些公司将本公司的次级债券奖励给员工，也就是说，如果银行破产，他们也会受打击。
Ireland 's finance minister , brian lenihan , ruled out imposing losses on senior creditors , but said he expected subordinated debtholders to take a hit .
It also said forstmann was known for innovations including a " unique subordinated debt fund that enabled the firm to finance acquisitions without issuing junk bonds . "
他们还表示福斯特曼以创新包括“独特的次级债务基金可以为公司收购提供资金而不用发行垃圾债券”而闻名。
Nonetheless , some in japan feel the country has subordinated itself to america , and this has riled nationalists .
