Priority
The order of position or time. The priority of liens is generally determined by the chronological order in which the lien documents are recorded; tax liens, however, have priority, even over previously recorded liens.
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Real Estate Glossary
Definitions of Common Real Estate Terms
The order of position or time. The priority of liens is generally determined by the chronological order in which the lien documents are recorded; tax liens, however, have priority, even over previously recorded liens.