On 4626 York Road in Baltimore, Md., a white sign reads, in bold print, “C-Note: Creating Better Opportunities to Excel.” At the entrance of this store stand three mannequins clothed in ...

Convertible subordinate notes are short-term convertible bonds issued by a company that may be converted into company shares. Subordinated debt is debt that is repaid after senior debtors are ...

Following the flow, carriers of B-notes are paid before investors of C-notes. In this manner, most of the losses are therefore incurred by the C-note and B-note holders.