Preferred Mortgage Lien

Preferred Mortgage Lien in Maritime Law

Note: There is more information on maritime/admiralty law here.

The following is a definition of Preferred Mortgage Lien, produced by Tetley, in the context of admiralty law: A lien on a ship on which a preferred mortgage (see this maritime law term in this legal dictionary) has been filed. they rank after preferred maritime liens (see this maritime law term in this legal dictionary), by virtue of 46 U.S. Code 31326(1). See Tetley, M.L.C., 2 Ed., 1998 at 512-515.