second lien
Americannoun
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.
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
Because troubled borrowers often have many unsecured debts, such cases would typically generate far less for Bank of America, often as little as 10 percent of the outstanding value on a second lien.
From New York Times • May 7, 2015
He has laid off 15 workers in the past two weeks and is considering taking a second lien on his factory to pay his suppliers.
From The Wall Street Journal • Aug. 11, 2010
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
Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.
