Aug 8, 2024 · What Is a Lien? A lien is a claim or legal right to a debtor's property or other assets, typically assets that were used as collateral to back a loan. It serves to guarantee that the …

A lien (/ ˈliːn / or / ˈliːən /) [Note 1] is a form of security interest granted over an item of property to secure the payment of a debt or performance of some other obligation.

Jun 6, 2023 · Liens are legal tools used to protect the interests of creditors and other people who are owed money by property owners. They’re commonly used by banks, lenders, contractors …

The meaning of LIEN is a charge upon real or personal property for the satisfaction of some debt or duty ordinarily arising by operation of law. How to use lien in a sentence.

A lien is a security interest or legal right acquired in one's property by a creditor , or lienholder. A lien usually prevents sale of the property until the underlying obligation to the creditor is satisfied.

What Is a Lien, and How Does It Work? A lien grants legal rights against a property or another form of collateral if legal action is needed to take care of a debt.

Dec 13, 2024 · A lien is a legal claim made by a lender or creditor against an asset — such as a home or vehicle — when a borrower owes money. It grants the creditor the right to sell the …

Jul 30, 2023 · A lien is a legal claim placed on your property to settle a debt or enforce a judgment. Learn the different types of liens and how to remove a lien. A lien is a legal tool that …

Jan 4, 2015 · The right to maintain possession of property belonging to an individual until such time as a debt has been repaid is referred as a “lien.” A lender, service person, or other entity …

Jan 22, 2025 · A lien is a legal right that someone (usually a lender) has to claim property that you own. A lien could be for a specific property—like your home, car, or savings account (a …