TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

PRIOR LIEN [1 record]

Filter results by subject field Alphabetical list of terms

Filter results by subject field

Alphabetical list of terms

Record 1 2015-09-17

English

Subject field(s)
  • PAJLO
  • Law of Security
DEF

A lien that is recorded prior to any other claims. Prior liens must therefore be paid before any other claims in the event that the collateral that is pledged against the loan must be liquidated. Junior liens are subordinated to prior liens.

French

Domaine(s)
  • PAJLO
  • Droit des sûretés
OBS

privilège de rang antérieur : terme normalisé par le Comité de normalisation, Promotion de l’accès à la justice dans les deux langues officielles (PAJLO).

Spanish

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