Hello Expert,

What is the meaning of 1st lien and 2nd lien in relation to BG?

Thank you!
emngara

First lien,

First claim on the property of another for payment of a debt.

Ex. The garage owner has a lien upon my automobile until I pay his bill.

____________________________________ second lien,

Second claim on the property of another for payment of a debt.

Ex. The garage owner has a second lien upon my computer until I pay his bill.

______________________________________