Is 'subject' in 'is subject to considerable debate' a verb or a noun?

Solution 1:

Using the comments posted to the original question, I can assume the whole answer, which is:

  1. Yes, it is appropriate for formal writing.
  2. No, it probably won't fit in a casual informal conversation.
  3. 'subject' is an adjective, therefore its form is perfectly correct.
    1. The stress should be on the first syllable as ['sʌbʤekt].