MLchartDataset catalogue

Subordination agreement

Term · Law · MLC-T-LAW-005452

A legal document that establishes the priority of one debt over another, typically in the context of real estate or corporate finance. It specifies that one creditor's claim on assets will be paid only after another creditor's claim has been satisfied. This agreement is common in mortgage lending when there are multiple liens on a property.

Table 1. Record
IdentifierMLC-T-LAW-005452
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-005452",
  "term": "Subordination agreement",
  "field": "Law",
  "definition": "A legal document that establishes the priority of one debt over another, typically in the context of real estate or corporate finance. It specifies that one creditor's claim on assets will be paid only after another creditor's claim has been satisfied. This agreement is common in mortgage lending when there are multiple liens on a property.",
  "url": "https://mlchart.com/terminology/law/subordination-agreement/"
}

Record 4,827 of 5,445 in Law terminology (MLC-0107). Request the full dataset.