Lien

Lien
Related Category: Legal Terms and Concepts
claim or charge held by one party, on property owned by a second party, as security for payment of some debt, obligation, or duty owed by that second party.

Lien
(n) Lien is the authority of the person holding or otherwise in custody or control of an article or property, rights etc, to use them for recovering the amount payable to him by the owner of such assets, property or rights.

Lien: A right or claim for payment against a workers' compensation case.
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Lien: An encumbrance put on a property owned by a judgment debtor. It prevents the sale, transfer of title or refinancing of the property until the debt is satisfied.

LIEN - The right to retain the lawful possession of the property of another until the owner fulfills a legal duty to the person holding the property, such as the payment of lawful charges for work done on the property. A mortgage is a common lien.

Lien
Related answers:
Is a statutory lien an involuntary lien? Read answer...

Maritime Lien definition:
A lien which attaches to a ship and its cargo.
In Neville Canneries Ltd. v. The Santa Maria, the United States Supreme Court used these words: ...

landlord's liena lien on a tenant's property for the satisfaction of unpaid rent or property damage; the landlord is given the status of a preferred creditor with regard to the tenant's property … Full Definition » ...

lien - A claim which a person has upon the property of another as security for a debt owned to the lienholder.

Lien
Your solicitor has the right to hold onto all documentation and money gained from a case until such time as you have paid the solicitors fees.

LIEN
A property right which remains attached to an object that has been sold, but not totally paid for, until complete payment has been made.

Lien:
Security for the holder against a debtor's assets, usually arising by operation of law rather than express contract between the parties.

Lien - An encumbrance or legal burden upon property.
Limine - (See "in limine" in Foreign Words Glossary).

lien - Right of a secured creditor to claim a specific item of property if a debt is not paid.
life beneficiary - A lifetime benefit given to a person usually by a trust or a will.

lien [Anglo-French, bond, obligation, literally, tie, band, from Old French, from Latin ligamen, from ligare to bind] : a charge or encumbrance upon property for the satisfaction of a debt or other duty ...

lien
n. any official claim or charge against property or funds for payment of a debt or an amount owed for services rendered.

Lien
An encumbrance against property for money, either voluntary or involuntary.
Life Estate
An estate in real property for the life of a living person. The estate then reverts back to the grantor or on to a third party.

lien: a claim upon the property of another as security for some debt
litigant: Party to a legal action
long form order: an order prepared by counsel for signature of the court (usually based on a memorandum decision) ...

Lien: A charge, hold, or claim upon property of another as security for a debt.

LIEN: A claim against someone's property. A lien is instituted in order to secure payment from the property owner in the event that the property is sold. A mortgage is a common lien.

Lien
A legal claim against another person's property as security for a debt.

lien An encumbrance upon a debtor's property, requiring the debtor to satisfy the debt out of the proceeds in the event that the property is sold; a superior court judgment automatically becomes a lien on the judgment debtor's real property.

lien: A claim on property to prevent the sale or transfer of that property until a debt is paid. The lien may be enforced or collected by levying on the property. (See also levy.) ...

Lien:
A charge, hold, claim or encumbrance upon the property of another as security for some debt or charge, not a title to property but rather a charge upon it; ...

LIEN, contracts. In its most extensive signification, this term includes every case in which real or personal property is charged with the payment of any debt or duty; every such charge being denominated a lien on the property.

Lien
The right of a secured creditor to grab a specific item of property if you don't pay a debt.

lien
The right to hold a person's property as security for the performance of an obligation (e.g. the payment of money owing).
linked credit provider ...

Lien
Definition - Noun
[Anglo-French, bond, obligation, literally, tie, band, from Old French, from Latin ligamen, from ligare to bind] ...

Lien
A legal claim against a property which is used to secure a loan and which must be paid when the property is sold. Court judgments become liens against a person's real property.

senior lien
n. the first security interest (lien or claim) placed upon proper...
sentence
1) n. the punishment given to a person convicted of a crime. A se...

Judgment lien
Judgment notwithstanding the verdict
judgment notwithstanding the verdict (JNOV) ...

Judicial lien - A lien obtained by judgment or other judicial process against a debtor.

Maritime lien
a security interest against a vessel to secure the claim of a creditor who provided services to the vessel and was injured.

Avoidance of Lien
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Often the property itself remains in the hands of the borrower, and the lender holds only a paper interest (lien, mortgage, etc.) in the collateral that is enforceable if the borrower defaults. Sever To cut into parts.

the right of claiming protection for her flag, the non-attachment to her of a maritime lien for necessaries supplied in a British port, are not directly connected with the policy under which the Navigation Acts have become obsolete.

A type of bond (an interest-bearing document that serves as evidence of a debt) that does not require security in the form of a mortgage or lien on a specific piece of property.

Debenture A type of bond (an interest-bearing document that serves as evidence of an investment or debt) that does not require security in the form of a mortgage or lien on a specific piece of property.

Property that has been pledged by a lien or mortgage, thus guaranteeing that the creditor will be paid if the debtor defaults. Security makes the promise to pay more than a personal obligation. 2.

Banks which loan money to purchase ships, vendors who supply ships with necessaries like fuel and stores, seamen who are due wages, and many others have a lien against the ship to guarantee payment.

Encumber: To place a claim, lien, charge or liability on property (e.g., mortgage, judgment lien, mechanic's lien, security interest).

Encumbered: When a lien, mortgage or other restraint is placed against a property.

Secured Transaction
Any transaction which is intended to create a security interest or lien in personal property or fixtures.

Term: Secured Transaction
Definition: Any transaction which is intended to create a security interest or lien in personal property or fixtures.

TACKING,
Engl. law. The union of securities given at different times, so as to prevent any intermediate purchasers claiming title to redeem, or otherwise discharge one lien,... more ...

A form of joint tenancy between a husband and wife. It has all the characteristics of a joint tenancy. In addition, a creditor of one of the spouses may not enforce a lien against the property.

Tenants in Common ...

A tax is not a lien unless made so by statute. Mandamus will compel a levy. But a court of equity has no jurisdiction to appoint a collector or receivor, by mandamus. Thompson v. Allen County, 115 U.S. 550 (1885).

and administration of tax or other pay deductions (including vacation pay) by employers; the trust accounts of lawyers; and the statutory trust on money paid for a construction project on behalf of any person who might have a construction lien on the ...

See also: Law, Property, Person, State, Right