/səˌbɔːdɪˈneɪʃənˈ/ – noun
Definition: việc làm cho lệ thuộc vào, tình trạng bị lệ thuộc vào, hệ thống thuộc quyền.
A more thorough explanation: Subordination refers to the act of placing a claim, lien, or mortgage in a lower priority position compared to another claim, lien, or mortgage. This typically occurs when one party agrees to subordinate their interest to another party’s interest, allowing the latter to have priority in the event of a dispute or default.
Example: The subordination agreement clearly outlines the priority of the lender’s rights over other creditors in case of default.