Definitions for "JUNIOR LIEN"
An encumbrance second in priority to a previously recorded lien or to a lien to which the encumbrance has been subordinated.
A lien lower in priority or rank than another or other liens. Back to the Top
a legal claim upon real property recorded subsequent (or recorded prior but has subordinated) to another legal claim upon the same real property.
Keywords:  leasehold
Leasehold