first lien

noun Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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More from Translator Word FAQs presents 366 FAQs, incorporating some of the frequently asked questions from the past with newer queries.

Example sentences
It's always wiped out when the first lien holder forecloses.
On the due date, the taxes become a first lien on all personal property you own.
Second mortgages can create significant challenges in helping borrowers avoid foreclosure, even when a first lien is modified.
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