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prior lien

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noun
  1. a lien having priority over others attached to the same property.
Also called first lien.
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018

Examples from the Web for first lien

Historical Examples

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

    Bunker Bean

    Harry Leon Wilson