First lien

A first lien that is duly recorded with the cognizant governmental body so that the lender will be able to act on it should the borrower default. ...

FIRST LIEN - The registered legal claim which stands first in line to enjoy the proceeds of a sale of t...
FIRST LOAN - This is what most people think of when someone says mortgage. It is a loan in first positi...

First Lien
A primary claim made by the lender for satisfaction of outstanding debt. A first mortgage creates a first lien.
First Mortgage
A mortgage loan that is the first or primary lien against a property.

Perfected first lien
A first attachment on an asset that is duly recorded with the relevant government body so that the lender will be able to act on it should the borrower default.
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Perfected first lien
A first lien that is duly recorded with the cognizant governmental body so that the lender
will be able to act on it should the borrower default.
Alien ...

residential mortgage combining a first lien mortgage financing 80% of the home's value and a second lien mortgage "piggybacked" onto the original mortgage. Both loans are closed at the same time and by the same lender.

The second lien holder then makes the payments to the first lien holder. This type of mortgage is used when the borrower is unwilling or unable to refinance the first mortgage.

Bonds that are collateralized by a first lien on tangible assets. In the event of a default, a first mortgage bond holder can demand liquidation of those assets in satisfaction of the debt.
First Notice Day ...

A real estate loan which is in a first lien position, taking priority over all other liens. In case of a foreclosure, the first mortgage will be repaid before any other mortgages.
Fixed Rate Loan: ...

If there is more than one lien, the claim of the lender holding the first lien will be satisfied before the claim of the lender holding the second lien, which in turn will be satisfied before the claim of a lender holding a third lien, etc.

A legal hold or claim from one person on the property of another. The lien placed by a first mortgage is special; it is called the first lien and takes precedence over others.
Lifetime rate cap ...

A lien on property that takes precedence over any other lien, such as a junior or second mortgage. Sometimes called senior mortgage, first lien, or first loan.
Graduated Payment
Mortgage (GPM) ...

If the properties do not have outstanding mortgages then the bond is considered the first lien. It can be used as a way to refinance the mortgages on the individual properties. The bond is backed by real estate or physical capital.

A security, more common in the U.S. than in Canada, that is generally issued by a railroad or airline to pay for new moveable equipment. It is secured by a first lien on the equipment.
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Perfect market view (of capital structure
Perfect market view (of dividend policy
Perfected first lien ...

Perfect market view (of dividend policy)
Analysis of a decision on dividend policy, in a perfect capital market environment, that shows the irrelevance of dividend policy.
Perfected first lien ...

See also: Perfected first lien, Expense, Banks, Dividend policy, PIK