The word 'subordinated' is a correct word in written English and can be used in various contexts.
The word means to put something or someone in a lower or less important position, or to make something less important or less strong. Here is an example of how the word can be used in a sentence: "Despite being a talented writer, Jane often feels subordinated in her male-dominated workplace." In this sentence, the word 'subordinated' is used to describe how Jane feels like she is less important or less valued in her workplace because of her gender.
Similar reasoning is behind the Moody's prediction that 2008 will see the first subordinated sukuk issues out of the Gulf: "Unlike senior debt, subordinated debt could be more favourable to Islamic banks in terms of capital requirements and investors may be attracted by the potentially higher yield of the paper," it says.
Every departure from what has been asserted as "proper" and "fitting" from that very specific standpoint is dismissed as aberrant, and is ridiculed and subordinated.
In the end, the document was subordinated to a statement about a programme of austerity," he added.
The six-hour operation did not go well: after weeks in which his family kept a bedside vigil, joined by senior officials, Mr Chávez returned home last month, to die on March 5th at the age of 58.To the end, Mr Chávez's rule was narcissistic, with country and constitution subordinated to his whim.
The Fed, which administered controls through its Soviet-sounding "Division of Selective Credit Regulation", used them to suppress inflation while interest rates were subordinated to the Treasury's funding needs.
Importantly, we have introduced a tough resolution framework to combat moral hazard, a lesson from our own financial crisis in the 1990s.Based upon our principles, a bank's shareholders, subordinated debtholders, and management cannot expect to be rescued by taxpayers.
If banks get into trouble, subordinated-debt holders can expect to take a hit.
The subordinated-debt holder receives at most the interest on his debt; he has no stake in the upside of any hazardous escape plans, whereas shareholders stand to win the jackpot.
Yet whichever basic method is adopted Basel's finely tuned risk-weights, as seems most likely, or the subordinated-debt approach with early intervention, which may have to wait for Basel 3 it will still fall to national regulators to apply the letter and the spirit of the new rules.
The Irish have already imposed "haircuts" on subordinated-debt holders in their banks, though they were stopped from doing this for senior bondholders (see article).
At a minimum, a modest version of the subordinated-debt idea should be grafted on to the existing plan as an experiment.
