劣後

noun

something that is subordinate to something else / something that comes after something else, something that is posterior to something else

His proposal is subordinate to all other proposals.

意味（1）

something that is subordinate to something else

劣後(れつご)債(さい)

retsugo saisubordinated debt

意味（2）

something that comes after something else, something that is posterior to something else

劣後(れつご)株(かぶ)

retsugo kabufollow-on stock, stock that is issued after the initial offering