The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

JUNIOR CLAIM Definition & Legal Meaning

Definition & Citations:

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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