—普通债务债券由发行人的信用做保证。
General Obligation bonds are backed by the "full faith and credit" of the issuer.
次级债券为求偿顺序低于普通债务而高于股权的债务形式，目前普遍为国际各银行所发行。
Subordinated debt is issued by many banks in the world. Its priority is lower than ordinary debt, and higher than equity.
次级债券为求偿顺序低于普通债务而高于股权的债务形式，目前普遍为国际各银行所发行。
Subordinated debt is issued by many banks in the world. Its priority is lower than ordinary debt, and higher than equity.
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