Preferred Debt  Filed Under: , Dictionary Says  Definition of
'Preferred Debt '  Debt that is considered more important or has
priority over other types of debt. This form of debt obligation
has to be paid first and its lien position takes precedence over
other debt and equity positions. For example, a first mortgage
would be a preferred debt over a second mortgage or a mortgage-
backed security holding the mortgage. Investopedia Says
Investopedia explains 'Preferred Debt '  The interest from these
types of debts such as mortgages and equity loans are tax
deductible. The main types of preferred debt include interest on
mortgages, equity loans and equity lines of credit. Taxes owed
to the IRS and first position in other personal loans would be
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