Subordinated Debt. Loading the player... What is 'Subordinated Debt'. Subordinated debt is a loan or security that ranks below other loans and securities with regard to claims on a company's assets or earnings. Subordinated debt is also known as a junior security or subordinated loan.
Narrators and Narrative Structure in Fiction. Narration in Film. Narrators and characters,..., are essentially 'paper beings'; the (material) author of a narrative is in no way to be confused with the narrator of that narrative. ....who speaks (in the narrative) is not who writes (in real life) and who writes is not who is.--Roland Barthes, The Structural Analysis of Narratives.
The storytelling of fiction also draws us into its invented worlds in a third way by letting us see the characters from a greater distance so that we relate to them as people whose life situation is laid out before us.