Perfected First Lien

Business / Finance / Perfected First Lien: A first attachment on an asset that is duly recorded with the relevant government body so that the lender will be able to act on it should the borrower default.

Other Words for First

First Adverb Synonyms: foremost, leading, chief, head, premier, prime, primary, principal, pre-eminent
First Adjective Synonyms: fundamental, elementary, basic, primary, cardinal, key, essential
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Last In, First Out (LIFO)

Business / Finance / Last In, First Out (LIFO): A method of inventory valuation whereby the goods most recently purchased or manufactured are considered the first ones sold. In periods of rising prices, the LIFO method shows a lower profit than the MORE

Junior Lien-Mortgage

Business / Real Estate / Junior Lien-Mortgage: An obligation, such as a second mortgage, that is subordinate in right or lien priority to an existing lien (senior loan) on the same real estate. MORE

Judgment Lien

Business / Real Estate / Judgment Lien: A general lien on the property of a judgment debtor, giving the holder of the judgment a right to levy the property to satisfy the debt. MORE

Irs Tax Lien

Business / Real Estate / Irs Tax Lien: A federal tax lien, or Internal Revenue Service (IRS) tax lien, results from a persons failure to pay any portion of federal taxes, such as income and withholding taxes. A federal tax lien is a genera MORE

Leverage Clientele

Business / Finance / Leverage Clientele: A group of shareholders who, because of their personal leverage, seek to invest in corporations that maintain a compatible degree of corporate leverage. MORE

Lien

Business / Accounting / Lien: A court order where a creditor places a claim on property or other types of security owned by the debtor to recover the costs of the debt. MORE

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