SENIOR LIEN

The oldest lien in existence, the lien that has the most priority. Other liens are called junior liens. … [Read more...] about SENIOR LIEN

Lord; a lord. Also the elder. An addition to the name of the elder of two persons having the same name. Senior counsel. Of two or more counsel retained on the same side of a cause, 'he is the "senior" who is the elder, or more important in rank or estimation, or who is charged with the more difficult or important parts of the management of the case. Senior judge. Of several … [Read more...] about SENIOR

Incapacity to contract arising from the impairment of the Intellectual faculties by old age. … [Read more...] about SENILITY

The state of being old. 2. Sometimes in this state it is exceedingly difficult to know whether the individual is or is not so deprived of the powers of his mind as to be unable to manage his affairs. In general, senility of energy in some of the intellectual operations, while the affections remain natural and unperverted; such a state may, however, be followed by actual … [Read more...] about SENILIT

That peculiar decay of the mental faculties which occurs in extreme old age, and in many cases much earlier, whereby the person is reduced to second childhood, and becomes sometimes wholly Incompetent to enter into any binding contract or even to execute a will. It is the recurrence of second childhood by mere decay. 1 Redf. Wflls, 63. See INSANITY. … [Read more...] about SENILE DEMENTIA