Definition of Lien:
The right to retain ownership of another person's property until that person has paid off the debt.
The lender's conditional title (known as a suicide attack) on the lender's assets or property, prevents it from being sold or transferred without paying the lender. In a contractual agreement, if the contract is not executed in accordance with the terms of this agreement, it is guaranteed that one party owns the other party's specific assets. The mortgage agreement protects the promised property and the security issuer's assets. Courts also grant incentives to execute sentences against failed defendants. All real estate guarantees are for a limited period (which differs from the jurisdiction), apply only to assets or properties that are part of a contract, express or implied, and (if the property is immovable) Am) A valid executable file must be properly registered in order to be valid. In the event of a default, the guarantor party (known as the guarantor or covenant) does not generally have the automatic right to seize and sell the asset or property, but to execute it after reasonable notice to the debtor or debtor. Have to get an order. (As entitled).
Synonyms of Lien
Hypothecation, Participating mortgage, Bottomry, Mortgage deed, Second mortgage, Vadium vivum, Blanket mortgage, Adjustment mortgage, Tax lien, Judgment lien, Antichresis, Security agreement, Leasehold mortgage, Deed of trust, Particular lien, Closed mortgage, General lien, Installment mortgage, Bottomry bond, Pignus legale, Common-law lien, Pignus judiciale, Hypothec, First mortgage, Third mortgage, Chattel mortgage, Mortgage, Vadium mortuum, Mortuum vadium, Trust mortgage, Mortgage bond, Statutory lien, Dead pledge, Living pledge
How to use Lien in a sentence?
- You are entitled to every share sold.
- John fears that if the bank does not pay, his property will be recovered because the bank has guaranteed his property.
- John feared that after failing to pay, the bank would relocate his property because his property was guaranteed by the bank.
- I have a right to my car, so I can't sell it until I pay.
Meaning of Lien & Lien Definition