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prior lien

noun

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


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Example Sentences

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

Prior Lien Mortgage Bonds, ranking before the debenture stock.

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

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