| 词汇 | subordination |
| 释义 | `1`subordination`2` "LAW.COM Dictionary": n. allowing a debt or claim which has priority to take second position behind another debt, particularly a new loan. A property owner with a loan secured by the property who applies for another loan to make additions or repairs usually must get a subordination of the original loan so the new obligation is in first place. A declaration of homestead must always be subordinated to a loan. See also: subordination agreement |
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