MLchartDataset catalogue

Senior lien

Term · Law · MLC-T-LAW-004478

A claim or charge against property that has priority over other liens in the event of foreclosure or sale. This priority is determined by the order in which the liens were recorded or by specific statutory provisions. A first mortgage is a common example of a senior lien.

Table 1. Record
IdentifierMLC-T-LAW-004478
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-004478",
  "term": "Senior lien",
  "field": "Law",
  "definition": "A claim or charge against property that has priority over other liens in the event of foreclosure or sale. This priority is determined by the order in which the liens were recorded or by specific statutory provisions. A first mortgage is a common example of a senior lien.",
  "url": "https://mlchart.com/terminology/law/senior-lien/"
}

Record 4,552 of 5,445 in Law terminology (MLC-0107). Request the full dataset.