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prior lien
noun
- a lien having priority over others attached to the same property.
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Example Sentences
"—these prior-lien bon's an' receiver's stiff-cuts mus' natchally come ahead of firs'-mortgage bon's—" continued Breede.
From Project Gutenberg
Prior Lien Mortgage Bonds, ranking before the debenture stock.
From Project Gutenberg
As to the Pole—if Mr. Peary has a prior lien on it—it is there still.
From Project Gutenberg
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