Words / P / Law

priming lien

noun/ˈpraɪmɪŋ liːn/

C2CEFR level
90/100Rarity: very rare
TechnicalRegister

A new security interest ranked ahead of existing secured creditors, usually to secure rescue financing.

The rescue lenders insisted on a priming lien over the very collateral the incumbent banks already held.

Similar: super-priority lien

Topic: Insolvency & restructuring in Legal English

Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.

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More law words: Insolvency & restructuring