zweitrangige Schuld - translation to English
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zweitrangige Schuld - translation to English

MUNICIPALITY OF GERMANY
Schuld (Ahr)

zweitrangige Schuld      
junior debt, debt that will be repaid after the preferred debts are repaid
junior debt         
FINANCIAL PRODUCT
Subordinated (debt); Subordinated bonds; Subordinated bond; Junior debt; Subordinated debenture; Subordinated loan; Subordinated Debt; Subordinate debt
zweitrangige Schuld (Schulden die erst nach Begleichung der Hauptschulden getilgt werden)

Wikipedia

Schuld

Schuld (German pronunciation: [ˈʃʊlt] (listen)) is a municipality in the district of Ahrweiler, in Rhineland-Palatinate, Germany, on the River Ahr.

In July 2021, the village was severely damaged by floods. Approximately 50 houses were damaged. The town had previously been devastated by another flash flood in 1910 in which 50 villagers perished.