junior lien


An obligation, such as a second mortgage, that is subordinate in right or lien priority to an existing lien on the same realty.

Use junior lien in a sentence

You should always make sure that you know you will be able to pay off any junior lien before you take it on.

​ Was this Helpful? YES  NO 8 people found this helpful.

ABC. Credit Union was given a junior lien on the house when they loaned additional funds to the Brown family .

​ Was this Helpful? YES  NO 5 people found this helpful.

The junior lien was really cool and it was interesting for us because it was an obligation and we were great at fulfilling obligations.

​ Was this Helpful? YES  NO 9 people found this helpful.

Show more usage examples...

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
junior equity junior mortgage