First lien: Difference between revisions
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imported>Doug Williamson (Create the page. Sources: linked pages.) |
imported>Doug Williamson (Classify page.) |
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* [[Encumbrance]] | * [[Encumbrance]] | ||
* [[Fixed charge]] | * [[Fixed charge]] | ||
* [[Garnishee order]] | |||
* [[Lien]] | * [[Lien]] | ||
* [[Mortgage]] | * [[Mortgage]] | ||
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* [[Remedy]] | * [[Remedy]] | ||
* [[Second lien]] | * [[Second lien]] | ||
* [[ | * [[Secured debt]] | ||
* [[Security]] | |||
[[Category:Accounting,_tax_and_regulation]] | |||
[[Category:The_business_context]] | |||
[[Category:Corporate_finance]] | |||
[[Category:Investment]] | |||
[[Category:Long_term_funding]] | |||
[[Category:Financial_products_and_markets]] | |||
Latest revision as of 00:38, 16 July 2021
A lien is a legal right to hold the property of another party or to have it sold or applied in payment of a claim.
A first lien places the lien holder first in line to collect payment from the sale of the collateral in the event of a default on the debt.
