prior lien


noun

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. 2019

Examples from the Web for first lien

  • "—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