☩ SOTERIAN GLOSSARY ☩

Living Language Lexicon of the Soteria Covenant

Senior Lien

A lien with priority over other liens — the first recorded mortgage is typically the senior lien. Senior lienholders are paid first from foreclosure proceeds.

Category: Property Law
0 terms published 0 awaiting endorsement
Propose a New Term

Submit a term for the community. Two endorsements from other members will publish it.

Per page: