The holder of which one of following will have the lowest priority claim in a bankruptcy proceeding?

Question

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In a bankruptcy proceeding, the priority of claims is determined based on the type of bond or security held by the investor. The lowest priority claim belongs to the subordinated debenture holders. This is because these bonds are unsecured and have a lower priority than other types of bonds, such as senior debentures and mortgage bonds, which are secured by collateral. Securitized bonds and collateral trust bonds have specialized structures and may have different priority levels depending on their terms and conditions.

The Holder of Which One of Following Will Have the Lowest