Property Lien
/ˈprɒpərti liːn/
Definitions
- (n.) A legal right or interest a creditor has in another's property, lasting usually until a debt or duty secured by it is satisfied.
The bank placed a property lien on the house until the mortgage was fully paid.
Forms
- property lien
- property liens
Related terms
See also
Commentary
A property lien typically encumbers real or personal property to secure payment of a debt, and affects the seller's ability to transfer clear title until satisfied.
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.