Nolo’s Plain-English Law Dictionary. Gerald N. Hill, Kathleen Thompson Hill. 2009.
Law dictionary. EdwART. 2013.
senior lien — A prior lien which has precedence as to the property under the lien over another lien or encumbrance Compare junior lien See also senior interest … Black's law dictionary
Sénior — Senior La définition de senior est liée à l’âge, mais ou commence la limite varie de façon subjective. Le mot « senior » peut être synonyme de personne âgée ou être antérieur en tranche d’âge. Un senior peut commencer à 50, 60, 70 ans… … Wikipédia en Français
senior debt — A phrase used to describe secured medium or long term bank debt provided to a company, often as part of a finance package also including mezzanine finance and development capital. Its seniority means it ranks ahead of other finance in terms of… … Law dictionary
Lien Chan — This is a Chinese name; the family name is Lien. Lien Chan 連戰 7th Vice President of the Republic of China In office 20 May 1996 20 May 2000 President Lee Teng hui … Wikipedia
Senior Issue — An issue of bonds, preferred stock or other securities that represents the first priority lien on the issuer s assets or earnings. Senior issues have a higher priority claim on a firm s dividends, interest payments, or in case of a bankruptcy,… … Investment dictionary
Senior debt — In finance, senior debt, frequently issued the form of a senior note, is debt that takes priority over other debt securities sold by the issuer. Senior debt has greater seniority in the issuer s capital structure than subordinated debt. In the… … Wikipedia
Senior Bank Loan — A debt financing obligation issued by a bank or similar financial institution to a company or individual that holds legal claim to the borrower s assets above all other debt obligations. The loan is considered senior to all other claims against… … Investment dictionary
senior mortgage — A mortgage, the lien of which is entitled to or priority over that of a junior mortgage or other incumbrance … Ballentine's law dictionary
Second lien loan — (or last out participation) is a form of loan with a security interest in the assets of a company that are second in ranking behind a traditional senior credit facility. A lien is a form of security interest granted over an item of property to… … Wikipedia
second lien finance — or second lien debt is a type of secured debt which may be characterised as: • Ranking equally with senior debt as to payment prior to acceleration. • Sharing the same security package as the senior debt, in terms of the assets over which… … Law dictionary
