Glossary
Welcome to SFNet's Secured Finance Glossary of industry terms. Currently the SFNet Glossary has over 400 industry terms and definitions. You can search specific terms in the search tool above, or use the alpha tool below and progress on the paginations.
Joint Lead Arranger 
A bank or other financial firm that assists the Lead Arranger in the structuring and underwriting of a syndicated loan for major financing. Typically the Joint Lead Arranger also provides a larger commitment than the other participants in a transaction and will help assign parts of the issue to other underwriters for placement.
Junior Lien
A lien, that is subordinate in rights, placed on property after a previous lien has been properly perfected on that same property. Usually a junior lien is paid after earlier priority perfected liens have been satisfied.