second lien

A lien that is next in rank after a first lien on the same property and therefore is next entitled to satisfaction out of the proceeds from the property’s sale.

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词条贡献者

法律翻译李黎，毕业于欧洲顶尖的高级翻译学院，专注翻译各类与福利、薪酬及雇佣有关的法律文件。