Equal dignity definition

Equal dignity means that the two liens have the same priority, are paid at the same time upon foreclosure sale, and share proportionately in the proceeds if the sale does not produce enough cash to satisfy both liens entirely. All property tax liens have the same priority and are of equal dignity with all other property tax liens and liens for solid waste fees and nuisance abatement costs, which are granted the same collection status as property taxes.
View Source

Examples of Equal dignity in a sentence

  • Equal dignity rule: A rule that says that agents’ contracts to sell property covered by the statute of frauds must be in writing to be anforceable.

Related to Equal dignity

  • Medical leave means leave from work taken by a covered individual that is made neces-

  • Housing Act means the United States Housing Act of 1937, as amended, or its successor.

  • Equal Credit Opportunity Act means the Equal Credit Opportunity Act, as amended.

  • Employment Practices means any wrongful or unfair dismissal, denial of natural justice, defamation, misleading representation or advertising, unfair contracts, harassment or discrimination (sexual or otherwise) in respect of employment by the Insured.

  • Students with disabilities means students who have individualized education programs regardless of the disability.