| 单词 | JUNIOR CLAIM |
| 释义 | Stating that a right is subordinate to another right. A second mortgagee’s right is subordinate to the primary mortgagee’s right. A claim lower in precedence than a prior or senior claim. An example: only after the holder of the senior claim has been fully paid does the paying of a holder of a junior claim occur. Also known as subordinated claim. |
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