prior lien

noun

1. a lien having priority over others attached to the same property.

Example Sentences

"—these prior-lien bon's an' receiver's stiff-cuts mus' natchally come ahead of firs'-mortgage bon's—" continued Breede.

From Project Gutenberg

Prior Lien Mortgage Bonds, ranking before the debenture stock.

From Project Gutenberg

As to the Pole—if Mr. Peary has a prior lien on it—it is there still.

From Project Gutenberg