Liens
/ˈliː.ənz/
Definitions
- (n.) A legal right or interest that a creditor has in another's property, lasting usually until a debt or duty that it secures is satisfied.
The bank placed a lien on the house until the loan was repaid.
Forms
- lien
Related terms
See also
Commentary
Liens are a crucial security device in property and debt law, often requiring precise identification of the property and the underlying obligation in drafting.
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.