Equitable lien

Equitable lien,

Definition of Equitable lien:

  1. Claim on goods or property conferred by law, whether or not the lienor has their possession. A vendors lien is an example of equitable lien and is enforceable on all buyers who are aware (are given notice) of the liens existence. See also possessory lien.

Meaning of Equitable lien & Equitable lien Definition