The oldest lien in existence, the lien that has the most priority. Other liens are called junior liens. … [Read more...] about SENIOR LIEN
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SENATUS
Latin: In Roman law. The senate; the great national council of the Roman people. The place where the senate met Calvin. … [Read more...] about SENATUS
SENIORES
In old English law. Seniors; ancients; elders. A term applied to the great men of the realm. Spelman. … [Read more...] about SENIORES
SENATUS CONSULTUM
civ. law. A decree or decision of the Roman senate, which had the force of law. 2. When the Roman people had so increased that there was no place where they could meet, it was found necessary to consult the senate instead of the people, both on public affairs and those which related to individuals. The opinion which was rendered on such an occasion was called senatus consultum. … [Read more...] about SENATUS CONSULTUM
SENIORITY
Being in a position for a longer period of time than others. Usually used in an employment context where a person who has been on the job longer has certain rights and benefits, including job retention. … [Read more...] about SENIORITY
