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- Dictionarylien/ˈliːən/
noun
- 1. a right to keep possession of property belonging to another person until a debt owed by that person is discharged: "they shall be entitled to a lien on any lot sold"
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A lien is a legal claim on the property of another person until they meet a certain obligation, such as a debt or a duty. Learn more about the different types, examples, and history of liens from Merriam-Webster Dictionary.
LIEN definition: 1. an official order that allows someone to keep the property of a person who owes them money until…. Learn more.
Lien definition: the legal claim of one person upon the property of another person to secure the payment of a debt or the satisfaction of an obligation.. See examples of LIEN used in a sentence.
Feb 23, 2024 · A lien is a claim or legal right against assets that are used as collateral to satisfy a debt. Learn about the three main types of liens (bank, real estate, and tax) and how they work.
an official order that allows someone to keep the property of a person who owes them money until the money has been paid back: This could occur where someone has a lien over the goods, i.e. a right to retain possession of them until a debt is paid. State law allows the city to put a lien on the property to grab its money when it's sold.
Nonconsensual liens typically arise by statute or by the operation of the common law. Those laws give a creditor the right to impose a lien on an item of real property or a chattel by the existence of the relationship of creditor and debtor. Those liens include: tax liens, imposed to secure payment of a tax;
A lien is a claim against the property of someone who owes money. It's pronounced like "lean," which might also describe your meager finances if a lien has been placed on your home.
