Junior

Author:Jeffrey Lehman, Shirelle Phelps
 
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Page 67

Younger; subsequently born or created; later in rank, tenure, preference, or position.

A junior lien is one that is subordinate in rank to another prior lien. This means that the junior lien will be paid off only after the prior lien has been satisfied.

When used in a proper name, junior or its abbreviation, Jr., is merely descriptive and not part of the individual's legal name. The absence of the term at the end of a name...

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