PRIOR LIEN
A lien that is recorded prior to any other claims. Prior liens thus have to 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.
POPULAR TERMS
Liquidated Damages
The provision in a written agreement or legal contract that allows paying the total amount of compensation in the event a party breaches some part( ...
Uptrend
Uptrend is the general upward direction of a financial assets’ price movement. If the successive peak and trough is higher than the previous ...
Dogecoin
Decentralized, peer-to-peer open source virtual currency under the category of altcoins. Introduced in 2013, the cryptocurrency’s logo is a S ...
Debt Relief
The reorganization of debt in any shape or form, so as to provide the indebted party with a measure of relief, either fully or partially, from a hu ...
International Currency Exchange Rate
Rate at which two currencies can be converted to another. It reflects the amount of one unit of a currency that can be exchanged for another curren ...
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