First Lien
Definition of "First lien"
First right of a party, usually a creditor, to hold, keep possession of, or control the property of another to pay a debt, duty, or obligation.
Popular Real Estate Terms
Early American architectural housing style stressing a gambrel roof and overhanging eaves. ...
Same as term industrial park: Usually a fairly large site zoned and planned for the purpose of industrial development and located outside the main residential area of a city. Industrial ...
Possession and use of a property estate by virtue of a lease. There are four types of leasehold estates: estate for years, periodic tenancy, tenancy at will, and tenant at sufferance. ...
Legal order for a person to present at a deposition or trial documents in his possession, such as related to a real estate transaction. ...
A detailed list of property. The goods of a business, such as houses by a builder. ...
Federal government agency monitoring and regulating corporate financial reporting and disclosure, use of accounting principles, auditing practices, and trading activities. Its regulations ...
Skeleton (bones) of a building. ...
Rights, interest, and benefits inherent in the ownership of real estate, as distinguished from personal property ...
Landlord's right to receive the value of the tenant's property to pay for unpaid rents or for damages to the leased premises. ...
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