senior lien
senior lien see lien

Merriam-Webster’s Dictionary of Law. . 1996.

senior lien
The first lien or security interest placed on property at a time before all other liens, called junior liens.
Category: Business, LLCs & Corporations → LLCs, Corporations, Partnerships, etc.

Nolo’s Plain-English Law Dictionary. . 2009.

senior lien
n.
   the first security interest (lien or claim) placed upon property at a time before other liens, which are called "junior" liens.

Law dictionary. . 2013.

Look at other dictionaries:

  • senior lien — A prior lien which has precedence as to the property under the lien over another lien or encumbrance Compare junior lien See also senior interest …   Black's law dictionary

  • Sénior — Senior La définition de senior est liée à l’âge, mais ou commence la limite varie de façon subjective. Le mot « senior » peut être synonyme de personne âgée ou être antérieur en tranche d’âge. Un senior peut commencer à 50, 60, 70 ans… …   Wikipédia en Français

  • senior debt — A phrase used to describe secured medium or long term bank debt provided to a company, often as part of a finance package also including mezzanine finance and development capital. Its seniority means it ranks ahead of other finance in terms of… …   Law dictionary

  • Lien Chan — This is a Chinese name; the family name is Lien. Lien Chan 連戰 7th Vice President of the Republic of China In office 20 May 1996 20 May 2000 President Lee Teng hui …   Wikipedia

  • Senior Issue — An issue of bonds, preferred stock or other securities that represents the first priority lien on the issuer s assets or earnings. Senior issues have a higher priority claim on a firm s dividends, interest payments, or in case of a bankruptcy,… …   Investment dictionary

  • Senior debt — In finance, senior debt, frequently issued the form of a senior note, is debt that takes priority over other debt securities sold by the issuer. Senior debt has greater seniority in the issuer s capital structure than subordinated debt. In the… …   Wikipedia

  • Senior Bank Loan — A debt financing obligation issued by a bank or similar financial institution to a company or individual that holds legal claim to the borrower s assets above all other debt obligations. The loan is considered senior to all other claims against… …   Investment dictionary

  • senior mortgage — A mortgage, the lien of which is entitled to or priority over that of a junior mortgage or other incumbrance …   Ballentine's law dictionary

  • Second lien loan — (or last out participation) is a form of loan with a security interest in the assets of a company that are second in ranking behind a traditional senior credit facility. A lien is a form of security interest granted over an item of property to… …   Wikipedia

  • second lien finance — or second lien debt is a type of secured debt which may be characterised as: • Ranking equally with senior debt as to payment prior to acceleration. • Sharing the same security package as the senior debt, in terms of the assets over which… …   Law dictionary

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