a priority lien

USAGE SUMMARY

The phrase "a priority lien" is correct and usable in written English.
It can be used in legal or financial contexts to refer to a lien that takes precedence over others in terms of claims against a property or asset. Example: "The bank placed a priority lien on the property to secure the loan."

✓ Grammatically correct

News & Media

Formal & Business

Wiki

Human-verified examples from authoritative sources

Exact Expressions

1 human-written examples

The D.I.P. financer gets a priority lien.

The New York Times

Human-verified similar examples from authoritative sources

Similar Expressions

59 human-written examples

Bankruptcy law stipulates that debtor-in-possession lenders are the first to be repaid and will have a first priority lien on the assets of a company in bankruptcy.

The New York Times

A super lien, also known as a super priority lien, was created by statute to ensure that New York City would be reimbursed for money lent to those who rehabilitate distressed residential buildings under Article 7-A of the Real Property Actions and Proceedings Law.

The New York Times

Rated BB+ buy Standard & Poor's, these bonds are secured as the prospectus states, "by a perfected first priority lien on all the existing and future assets of Wynn Las Vegas".

Forbes

The notes would be secured on a second-priority lien basis on substantially all the assets owned by the company.

Forbes

Make a priority list.

WikiHow

Create a priority list.

WikiHow

But the company has to survive to have the money to pay that super-priority lien.

The New York Times

Lawmakers (and regulators) could identify appropriate debt-to-income ratios and order the outstanding debts to give a priority to first- lien home mortgages.

Huffington Post

A priority?

The Guardian - Arts

Speed is a priority.

The New York Times

Expert writing Tips

Best practice

When drafting legal or financial documents, specify "a priority lien" to clearly establish the order in which debts will be settled, avoiding ambiguity.

Common error

Do not assume that "a priority lien" implies the largest claim. It indicates the order of repayment, not necessarily the sum involved.

Linguistic Context

The phrase "a priority lien" functions as a noun phrase, typically used to identify a specific type of legal claim on assets. As evidenced by Ludwig, the phrase is used to describe the order in which debts are settled, particularly in financial and legal contexts.

Expression frequency: Rare

Frequent in

News & Media

30%

Formal & Business

30%

Wiki

20%

Less common in

Science

6%

Reference

6%

Encyclopedias

6%

Ludwig's WRAP-UP

In summary, "a priority lien" is a noun phrase used to denote a lien that has precedence over other liens, typically in legal and financial contexts. Ludwig confirms the phrase is grammatically sound, although relatively rare, and serves to clearly establish the order of debt settlement. It is important to use precise language to avoid confusion, especially regarding the amount of the claim versus its ranking. In professional communication, consider alternatives such as "first lien" or "senior lien" for conciseness.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

first lien

This alternative is a more concise and common term for a lien that has the highest priority.

senior lien

This alternative term emphasizes the superior ranking of the lien in relation to other liens.

first-priority lien

This version adds hyphenation for clarity and emphasizes the lien's top-tier status.

lien with first priority

This alternative reorders the words to place emphasis on the priority.

superior lien

This alternative uses a different adjective to convey the higher status of the lien.

primary lien

This variation uses 'primary' instead of 'priority', maintaining a similar meaning.

lien with precedence

This alternative highlights the order of payment or claim.

preferred lien

This option uses 'preferred' to suggest a favored status in repayment.

secured first lien

This alternative adds emphasis on security.

first claim lien

This term directly indicates that the lien has the initial claim on assets.

FAQs

What does "a priority lien" mean in real estate?

In real estate, "a priority lien" signifies that the lien holder has the first right to claim assets from the property if the owner defaults. This means they get paid before other lien holders.

How does "a priority lien" differ from a second lien?

While "a priority lien" is the first to be repaid, a second lien /s/second+lien gets paid only after the priority lien is satisfied. This makes second liens riskier for lenders.

When would a lender require "a priority lien"?

Lenders often require "a priority lien" when providing significant financing, such as debtor-in-possession financing, to ensure they are first in line to recover their investment if the borrower defaults.

What are some alternatives to saying "a priority lien"?

Alternatives include "first lien", "senior lien", or "first-priority lien". All these phrases indicate that the lien has precedence over other liens.