Juniority of the memory?

记忆的年少？

youdao

Theoretically, SND has more significant market discipline effect than other financial instruments due to its characteristics of unsecured position, juniority and longer maturity.

从理论上分析，次级债由于偿还上的次级性、无担保和存续期限较长等的特征，比其他银行资产具有更加强烈的市场约束作用。

youdao