Lien

Lien

The lender's right to claim the borrower's property in the event the borrower defaults. If there is more than one lien, the claim of the lender holding the first lien will be satisfied before the claim of the lender holding the second lien, which in turn will be satisfied before the claim of a lender holding a third lien, etc.

This is auto-generated content. You can help to improve it.

0 0

Improve it

Add an image

Part of Speech: noun
Synonym(s):
Blossary:
Industry/Domain: Banking
Category: Mortgage
Company:
Product:
Acronym-Abbreviation:

Collect to Blossary

Other Languages:

Terms in the News

Featured Terms

Harry8L

0
Terms
0
Blossaries
1
Followers

Industry/Domain: Energy Category: Shale gas

Oil War of 2014

The Oil War of 2014 was a global competition for oil market share between traditional oil producing countries led by the OPEC and the surging US shale ...