Lien

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A Lien is a legal claim against a property to protect a creditor's rights.



References

2016

  • (Wikipedia, 2016) ⇒ http://en.wikipedia.org/wiki//Lien Retrieved 2016-11-06
    • QUOTE: A lien is more common in both UK and US English.[1][2] 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. The owner of the property, who grants the lien, is referred to as the lienee[3] and the person who has the benefit of the lien is referred to as the lienor[4] or lien holder.



2008


  1. Oxford Online Dictionaries
  2. American Heritage Dictionary
  3. "Lienee...One whose property is subject to a lien". Black's Law Dictionary, p. 832 (5th ed. 1979).
  4. "Lienor... The person having or owning a lien; one who has a right of lien upon property of another". Black's Law Dictionary, p. 832 (5th ed. 1979).