Answer:
have a lower claim on assets than simple debentures
Explanation:
Subordinated debenture have a lower claim on asset than simple debentures.
They are a form of debt or loan without any security and occupy the bottom in the scale of debt repayment.
Subordinated debentures represent an investment with higher risk due to lack of security or backing collateral, but as expected, they come with higher returns when compared to their unsubordinated counterparts.
