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.
这种证券是优先债务形式的一种，发行者需要用自己的现金流来偿还，并且要有一定隔离的资产池作为保障，比如说抵押贷款，以免发生不能履行责任的情况。
The instrument is a form of senior debt that is paid back from the issuer's cash flows but is also secured against a ring-fenced pool of assets, such as mortgage loans, in the event of default.
信用卡发行机构向未全额还款的账户收取利息（通常比其他形式债务的利息高）。
The credit issuer charges interest on the amount owed if the balance is not paid in full (typically at a much higher rate than most other forms of debt).
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