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.

Other Words for Junior

Junior Noun Synonyms: secondary, lesser, lower, minor, subordinate, inferior, younger
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Junior Security

Business / Finance / Junior Security: A security that has a lower-priority claim on a company's assets and income than a senior security. For example common stock is junior to preferred stock. MORE

Junior-Community College

Life Style / College / Junior-Community College: A Junior/Community College is a two-year institution of higher education. Course offerings generally include a transfer curriculum with credits transferable toward a bachelor's degree at a four-year c MORE

Subordinated Debt (Junior Debt)

Business / Loan / Subordinated Debt (Junior Debt): Debt over which senior debt takes priority. In the event of bankruptcy, subordinated debt-holders receive payment only after senior debt is paid in full. A subordination of security interest in proper MORE

Junior Refunding

Business / Finance / Junior Refunding: Issuing of new securities to refinance government debt that matures in one to five years. MORE

Junior Mortgage

Business / Finance / Junior Mortgage: A mortgage that will be satisfied only after more senior mortgages have been satisfied. e.g., a first mortgage will be satisfied prior to a second or a third mortgage. MORE

Junior Issue

Business / Finance / Junior Issue: A debt or equity issue from one corporation over which the issue of another firm takes precedence with respect to dividends, interest, principal, or security in the event of liquidation. MORE

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