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lien
(redirected from First lien)

    Also found in: Medical, Legal, Financial, Encyclopedia, Wikipedia 0.02 sec.

lien

In law, the right to retain goods owned by another until the owner has satisfied a claim against him by the person in possession of the goods. For example, the goods may have been provided as security for a debt.



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? Mentioned in ? References in periodicals archive
 
An $8,240,000 first lien mortgage for the purchase of two office buildings in Cleveland, Oh.
Eastern Union by Real Estate Weekly
In the first half of the year, S & P reported, the first lien represented 67 percent of the transaction, and the second lien 28 percent.
Second-lien lending rides a gusher by Marshall, Jeffrey / Financial Executive
Knowledge of lien status is basic to credit underwriting because loans secured by first liens have a lower incidence of default than loans secured by junior liens or unsecured loans; consequently, loans secured by a first lien are generally offered at the lowest rates of interest.
New information reported under HMDA and its application in fair ... by Freeland, Sylvia A. / Federal Reserve Bulletin
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