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prior lien

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 Dictionary, © Random House, Inc. 2016.
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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

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