junior encumbrance

junior encumbrance
A mortgage or other lien which is inferior in point of priority in law to another mortgage or lien.

Ballentine's law dictionary. . 1998.

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Look at other dictionaries:

  • junior incumbrance — See junior encumbrance …   Ballentine's law dictionary

  • junior encumbrancer — A person holding a lien or encumbrance which is in point of priority in law to another lien or encumbrance …   Ballentine's law dictionary

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  • lien — / lēn/ n [Anglo French, bond, obligation, literally, tie, band, from Old French, from Latin ligamen, from ligare to bind]: a charge or encumbrance upon property for the satisfaction of a debt or other duty that is created by agreement of the… …   Law dictionary

  • marshalling assets — Also known as marshalling assets and securities, marshalling of liens or marshalling of remedies, it is an equitable doctrine requiring a senior creditor, having two funds to satisfy his debt, to resort first to the one fund which is not subject… …   Black's law dictionary

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  • Regenerative circuit — The regenerative circuit (or self regenerative circuit) allows an electronic signal to be amplified many times by the same vacuum tube or other active component such as a field effect transistor.Description Regenerative circuits were employed in… …   Wikipedia

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