What Is A First Lien Loan

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First and Second Lien Loans - Business Finance
The direct opposite of a first lien loan is unsubordinated debt — an unsecured loan without first priority in the repayment schedule. In between the two is a method of financing designated as second lien.
What is a Second Lien Loan? (with picture) - wisegeek.com
One common example of a second lien loan is a second mortgage on some type of real estate. As with the first mortgage , the secondary mortgage lender will normally accept the property as the collateral for the amount of the loan, and implement a lien that remains in effect until the debt is retired.
What Does "Release of First Lien" Mean on a Car Title ...
To get a lien removed from your title records, you must first satisfy the terms of the loan that put the lien in place. Typically, this means you must pay off the loan in full. Once your loan has been paid, your lender should provide proof that the lien is satisfied.

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