... 优先存取 priority memory access 优先抵押 underlying mortgage 优先电路 priority circuit; selective circuit ...
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这些贷方阻止优先抵押的修改，它们害怕这会使顺位房贷连续缩水。
These lenders have resisted modification of first mortgages, fearing knock-on write-downs of their second liens.
即便如此，这向计划显现的对抵押贷款持有者的待遇要好于拥有主要按揭贷款的投资者，因为当优先抵押差额减少时，前者不需要削减本金。
Even so, the plan appears to treat second-lienholders better than investors in the main mortgage, because the formerare not required to cut principal when first-lien balances drop.
这套系统最大的特点是权责清晰：法院保证债权人按照资历获得还款，有抵押贷款者优先补偿。
The system has the great benefit of clarity, with the court ensuring that the creditors are paid in order of seniority, with secured lenders getting first cut.
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