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English translation: right of lender of first priority
| 23:38 Mar 12, 2024 |
| Chinese to English translations [PRO] Law/Patents - Law: Contract(s) / Translation | |||||||
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|  Selected response from: Victor Zhuang Australia Local time: 12:06 | ||||||
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| Summary of answers provided | ||||
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| 4 | right of lender of first priority |
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| 4 | statutory priority right to repayment |
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| Discussion entries: 1 | |
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Answers
3 hrs confidence: 
right of lender of first priority Explanation: The principle of a Deed of Priority is fairly simple, it outlines that the first lender and first mortgage has priority to the second lender and second mortgage and that once the first lender is paid back, then the second lender will be entitled to payment. https://gavelpage.com.au/commercial-lawyers-sydney/deeds-of-priority-forbearance/#:~:text=The%20principle%20of%20a%20Deed,will%20be%20entitl https://hallandwilcox.com.au/thinking/mortgages-lets-get-your-priorities-straight/#:~:text=A%20lender%20with%20a%20first%20priority%20mortga |
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4 hrs confidence:
statutory priority right to repayment Explanation: 法定：statutory -------------------------------------------------- Note added at 20 hrs (2024-03-13 19:56:10 GMT) -------------------------------------------------- 有 ... 的权利：have the right to ... 例：在联合国世界人权宣言中， Everyone has the right to life, liberty and security of person. Everyone has the right to the protection of the law ... Everyone has the right to freedom of movement and residence within the borders of each state. -------------------------------------------------- Note added at 20 hrs (2024-03-13 20:03:43 GMT) -------------------------------------------------- https://www.un.org/en/about-us/universal-declaration-of-huma... |
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