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

  • inverse order of alienation — The doctrine that where land subject to a paramount encumbrance is subsequently sold or encumbered in parts or parcels at different times, no intention being disclosed in the instrument that the purchaser or the encumbrancer of the part should… …   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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