subordination agreement — n: an agreement by which one party subordinates its claim to that of another Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. subordination agreement … Law dictionary
Subordination agreement — A subordination agreement is a legal document used to make the claim of one party junior to (or inferior to) a claim in favor of another. It is generally used to grant first lien status to a lienholder who would otherwise be secondary to another… … Wikipedia
subordination agreement — An agreement by which one holding an otherwise senior lien or other real estate interest consents to a reduction in priority vis a vis another person holding an interest in the same real estate. An agreement by which the subordinating party… … Black's law dictionary
Subordination (finance) — Subordination in banking and finance refers to the order of priorities in claims for ownership or interest in various assets.United States lawubordination of debtSubordination is the process by which a creditor is placed in a lower priority for… … Wikipedia
subordination — sub·or·di·na·tion /sə ˌbȯrd ən ā shən/ n: an act or instance of subordinating; also: the remedy of subordinating a claim see also equitable subordination Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 … Law dictionary
Subordination — may refer to one of the following.*Subordination in a hierarchy (in military, society, etc.) ** Subordination (trait), obedience *Subordination (linguistics) *Subordination (finance) *Subordination agreement, a legal document used to deprecate… … Wikipedia
subordination — subordinate, subordinated, subordination Debts or claims that have a lower status or priority than other debts or claims are subordinate. For example, creditor A may agree in a subordination agreement to have its claims on the cash flow or on the … Financial and business terms
subordination, non-disturbance and attornment agreement — (SNDA) USA In a leasing context, an agreement that is usually among a landlord s lender, a tenant and a landlord. Sometimes there are third parties with an interest in the real property who are also signatories to the SNDA, such as a ground… … Law dictionary
Subordination Clause — A clause in an agreement which states that the current claim on any debts will take priority over any other claims formed in other agreements made in the future. Subordination is the act of yielding priority. A subordination clause effectively… … Investment dictionary
subordination and attornment agreements — Documents used in commercial mortgage transactions in which the mortgaged property is leased by the borrower to tenants. The agreement is executed by the tenants in favor of the lender. By executing the agreement, the tenant/lessee agrees to… … Financial and business terms
