A legal claim; a charge upon real or personal property for the satisfaction of some debt or duty
A legal hold or claim of one person on the property of another as security for a debt or charge The right given by law to satisfy debt
A legal claim by one person on the property of another for security for payment of a debt
A charge upon or security interest in real or personal property maintained to ensure the satisfaction of a debt or duty ordinarily arising by operation of law
A legal claim on the property of a borrower pledged as a security for the payment of a debt If the debt is not repaid as promised, the lender or the lien holder can enforce his/her claim on the property and compel the sale of the property to pay off the debt (e g ,see Mechanic's Lien)
A claim against the property for the payment of a debt, judgment, mortgage or taxes
that successively attaches to such assets as a person may have from time to time, leaving him more or less free to dispose of or encumber them as if no such charge or lien existed
A claim against a property for the payment of a debt A mortgage is a lien; other types of liens a property might have include a tax lien for overdue taxes or a mechanics lien for unpaid debt to a subcontractor
A claim or charge on property for payment of some debt With respect to a mortgage, it is the right of the lender to take the title to your property if you do not make the payments due on the mortgage
A claim against property which then serves as security for the payment of that claim (LE)
A legal claim; a charge upon real or personal property for the satisfaction of some debt or duty; a right in one to control or hold and retain the property of another until some claim of the former is paid or satisfied
A recorded claim against a property whereby the property is held as security for a debt Under certain circumstances, the holder of the lien is entitled to have the property sold to satisfy the debt
A legal claim against a property that must be paid off when the property is sold
a large dark-red oval organ on the left side of the body between the stomach and the diaphragm; produces cells involved in immune responses
A claim on property to prevent the sale or transfer of that property until a debt is paid The lien may be enforced or collected by levying on the property (See also levy )
the legal right to keep something that belongs to someone who owes you money, until the debt has been paid (ligamen, from ligare ). In law, a charge or encumbrance on property for the satisfaction of a debt or other duty. Common law developed two kinds of possessory lien: the specific (a lien on the specific property involved in a transaction) and the general (a lien for the satisfaction of a balance due, not confined to a specific property involved in a transaction). Courts of equity may, through the device of the equitable lien, recognize a creditor's interest in a debtor's property. Statutory liens are also available; developers and building contractors, for example, may use their interest in an improved site as security for payment (a mechanic's lien)
A legal claim against another person's property as security for a debt A lien does not convey ownership of the property, but gives the lienholder a right to have his or her debt satisfied out of the proceeds of the property if the debt is not otherwise paid