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Subordinate
Subordinate
To place in a rank of lesser importance or to make one claim secondary to another.
SIMILAR TERMS--------------------------------------
Subordinate financing
Any mortgage or other lien that has a priority that is lower than that of the first mortgage.
Subordinate loan
A mortgage whose priority is below that of another mortgage.
Subordinated classes
With regard to CMBS, describes those classes with the lowest priority to receive payments from the underlying mortgage loans.
Subordination
The process of sharing the risk of credit losses disproportionately among two or more classes of securities.
Subordination agreement
A written agreement between lienholders to change the priority of mortgage, judgment and other liens.
Subordination clause
A clause in which the holder of a mortgage permits a subsequent mortgage to take priority.
Subotica property
Property in Subotica, Serbia and Montenegro. Apartments, flats, houses, offices and other property in Subotica.
PREVIOUS AND NEXT TERMS--------------------------------------
Subject to
The recognition by a buyer of conditions (such as a prior loan), which are not the buyer's legal responsibility.
Sublease
A lease given by a lessee for a portion of the leasehold interest, while the lessee retains some reversionary interest.
Sublessee
A person or identity to whom the rights of use and occupancy under a lease have been conveyed, while the original lessee retains primary responsibility for the obligations of the lease.
Sublet
The partial transfer of a tenant's right in a rental property to a third party.
Subletting
The leasing of space from one tenant to another tenant.
Subordinate
Subordinate financing
Any mortgage or other lien that has a priority that is lower than that of the first mortgage.
Subordinate loan
A mortgage whose priority is below that of another mortgage.
Subordinated classes
With regard to CMBS, describes those classes with the lowest priority to receive payments from the underlying mortgage loans.
Subordination
The process of sharing the risk of credit losses disproportionately among two or more classes of securities.
Subordination agreement
A written agreement between lienholders to change the priority of mortgage, judgment and other liens.
This dictionary contains 6433 terms. |
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