senior lien

senior lien

n. the first security interest (lien or claim) placed upon property at a time before other liens, which are called "junior" liens. (See: mortgage, deed of trust, lien, UCC-1)

References in periodicals archive ?
NEW YORK -- Fitch Ratings affirms the 'BBB+' rating on the Mid-Bay Bridge Authority, Florida's (the authority), approximately $100 million in outstanding senior lien revenue bonds and the 'BBB' rating on the authority's approximately $155 million in outstanding springing lien revenue bonds.
NEW YORK -- Fitch Ratings affirms the 'BBB+' rating on the Mid-Bay Bridge Authority, Florida's (the authority), approximately $102 million in outstanding senior lien revenue bonds and the 'BBB' rating on the authority's approximately $155 million in outstanding springing lien revenue bonds.
The upgrade of the senior lien TABs is based on the closure of the senior lien in July 2009, resulting in enhanced bondholder protection against leverage.
3 million senior lien variable rate water and sewer system revenue bonds, 2007 Series B.
3 million senior lien water and sewer system revenue bonds, 2007 series A, and $10.
5 million), its very short maturity (1998), and its closed senior lien position relative to the series 1994 bonds.
NEW YORK -- Fitch assigns an 'AA' rating to approximately $900 million of Dallas Area Rapid Transit (DART) senior lien sales tax revenue refunding bonds, series 2007.
15 /PRNewswire/ -- The City of Houston's $100 million airport system senior lien commercial paper notes, series A (AMT) and series B (Non-AMT) are rated "F-1+" by Fitch.
Fitch's 'A' rating on the senior lien bonds and 'A-' rating on the junior lien bonds balances both the relatively stable quality of the revenue streams pledged to the SCTIB and the high level of leveraging.
NEW YORK, June 2 /PRNewswire/ -- The State of Florida, Orlando- Orange County Expressway Authority's $474 million Senior Lien Revenue Refunding Bonds, Series of 1993 are rated A-' by Fitch.
7 million outstanding subordinate lien PPRF revenue bonds and the 'AA' rating on NMFA's $460 million outstanding senior lien PPRF revenue bonds.
5 million Senior Lien Refunding Bonds (escrowed-to- maturity), Series 1993C are rated BBB' by Fitch.
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