Lien
/ˈliːən/
Definitions
- (n.) A legal right or interest that a creditor has in another's property, lasting usually until a debt owed by that property owner is satisfied.
The bank placed a lien on the house until the mortgage was fully paid.
Forms
- liens
Related terms
See also
Commentary
Liens secure payment or performance of an obligation by giving the creditor an interest in the debtor's property, often necessitating precise description of the property and the debt.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.