In a graded fund, as a priority, you invest your own funds as the inferior level. Once a loss occurs, the inferior fund you invest in will lose money first, and then lose your priority fund.

Just like our previous project, we guaranteed the income and principal of priority 3.5%, plus the share of floating income.

However, in the contract, the words "guaranteed capital and guaranteed income" cannot be written, and the income can only be written as expected income, even for bank financing.