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A debt owed to an unsecured creditor that can only be paid, in the event of a liquidation, after the claims of secured creditors have
A debt owed to an unsecured creditor that can only be paid, in the event of a liquidation, after the claims of secured creditors have been met.
A. Subprime Debt
B. Subordinated Debt
C. Secured Debt
D. None of the above
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