- senior lien
- A prior lien which has precedence as to the property under the lien over another lien or encumbranceCompare junior lienSee also senior interest
Black's law dictionary. HENRY CAMPBELL BLACK, M. A.. 1990.
senior lien
Look at other dictionaries:
senior lien — see lien Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. senior lien … 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
