Subordination Agreement

Sublease Reading Subordination Agreement 1 minute Next Subordination Clause

Definition:   a written agreement between holders of liens on a property that changes the priority of mortgage, judgement, or other liens under certain circumstances

Pronunciation:     \sə-bȯr-də-ˈnā-shən\  \ə-ˈgrē-mənt\

Used in a Sentence:   The seller of the land agreed to a subordination agreement in order for the land to be developed.

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