Mortgage Lien
/ˈmɔːrɡɪdʒ liːn/
Definitions
- (n.) A legal right or interest granted by a borrower to a lender over property as security for a debt or loan.
The bank holds a mortgage lien on the house until the loan is fully repaid.
Forms
- mortgage lien
- mortgage liens
Related terms
See also
Commentary
A mortgage lien secures repayment by creating a claim on real property; clear drafting should specify the collateral and conditions for enforcement.
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.