Definitions for "Subordination Agreement"
An agreement by which the priority of a mortgage lender is relinquished in favor of that of a lender that would otherwise be junior in status.
An agreement subordinating a prior lien to an oil and gas lease.
In a mortgage or deed of trust, a provision that a later lien shall have a priority interest over the existing lien. It makes the existing lien inferior to a later lien, in effect exchanging priorities with that later lien. Back to the Top
Keywords:  brokerage, lend, firm, contract, money
a contract between you and a brokerage firm where you lend either money or securities or both to the firm