HSBC revealed that almost 6% of its second lien loans were more than 60 days in arrears.
Financial and business terms. 2012.
Second lien loan — (or last out participation) is a form of loan with a security interest in the assets of a company that are second in ranking behind a traditional senior credit facility. A lien is a form of security interest granted over an item of property to… … Wikipedia
second lien loan — USA A loan secured on a second ranking basis by (more or less) the same collateral, which secures the first lien loan. The first lien lenders and the second lien lenders agree that, in the event of a security enforcement or bankruptcy, the first… … Law dictionary
second lien — USA The security interest ranking or priority of the lien granted with respect to a second lien loan. Second liens are junior to first liens. Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010 … Law dictionary
Second Lien Debt — Debts that are subordinate to the rights of other, more senior debts issued against the same collateral, or a portion of the same collateral. If a borrower defaults, second lien debts stand behind higher lien debts in terms of rights to collect… … Investment dictionary
Lien — A security interest in one or more assets that is granted to lenders in connection with secured debt financing. The New York Times Financial Glossary * * * lien li‧en [ˈliːən, liːn] noun [countable] LAW 1. a person s or organization s right to… … Financial and business terms
lien — An interest or encumbrance held by a creditor in a debtor s real or personal property for the satisfaction of a debt. The lien may arise as a result of a consensual contract between the debtor and the creditor such as a security agreement or a… … Financial and business terms
Second-Lien Mortgage Loan — (вторичный ипотечный кредит) ипотечный кредит, обеспеченный залогом или трастом, когда выступающее в качестве обеспечения имущество было ранее заложено или передано в траст в обеспечение другого кредита, такое обеспечение является… … Ипотека. Словарь терминов
Second mortgage — A second mortgage typically refers to a secured loan (or mortgage) that is subordinate to another loan against the same property. In real estate, a property can have multiple loans or liens against it. The loan which is registered with county or… … Wikipedia
Lien — For other uses, see Lien (disambiguation). Property law … Wikipedia
Secured loan — A secured loan is a loan in which the borrower pledges some asset (e.g. a car or property) as collateral for the loan, which then becomes a secured debt owed to the creditor who gives the loan. The debt is thus secured against the collateral in… … Wikipedia
