What is Subordinated Debt?
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Keywords: default risk, tranches, junk bonds, high yield bonds, Collateralized Debt Obligation (CDO), junior securities, solvency issues, moniker, unsubordinated debt, subordinated debt, What is an Asset-Backed Security?
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Keywords: Mortgage-Backed Securities (MBS), asset-backed securities, investing, tranches, Collateralized Mortgage Obligation (CMO), prepayment risk, PAC, royalty income, financial guaranty insurance, Collateralized Debt Obligation (CDO),