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second lien

American  

noun

  1. a lien subordinate to a previous or preferred lien.


Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

“In 2021, we invested in what we believed to be high-quality second lien and junior debt deals. Unfortunately, some of these investments have underperformed,” Pietrzak said on Monday’s call.

From Barron's • May 11, 2026

The campaign said the company did not receive a record of the second lien but would resolve it as necessary.

From Salon • Aug. 28, 2020

Claire’s 9 percent first lien notes due in 2019 trade at about 60 cents on the dollar, and its 8.875 percent second lien notes trade closer to 20 cents.

From Seattle Times • Nov. 23, 2017

“The vast majority of customers benefit when their second lien is extinguished,” he said.

From New York Times • May 7, 2015

The one that is the first recorded has the first lien, the one recorded next the second lien, and so on.

From Putnam's Handy Law Book for the Layman by Bolles, Albert Sidney

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