Financement
Lien
Lender's Prior Claim / Preferred Mortgage
Definition
A security interest and legal guarantee requested by banks on older properties, cheaper than a standard mortgage. It grants the financial institution the right to seize and auction the property in case of loan default.
FR
PPD
Privilège de Prêteur de Deniers
Keywords
ppdprivilege de preteur de deniersgarantie bancairehypothequefrais de notaire