first lien

A lien that takes priority over all other charges or encumbrances on the same property and that must be satisfied before other charges may share in proceeds from the property’s sale.

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词条贡献者

法律翻译Celia，毕业于新加坡知名法学院，专注翻译各类与酒店、博彩及休闲有关的法律文件。