Apr 26 2012 A lien. Jul 02 2021 A lien is a legal claim on a piece of property that must be paid off before the property can be sold.
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Describes the effect of liens on both real and Personal Property.
Definition of in lien. The owner of the property who grants the lien is referred to as the lienee and the person who has the benefit of the lien is referred to as the lienor or lien holder. The lender who holds the lien. This could occur where someone has a lien over the goods ie.
This could occur where someone has a lien over the goods ie. An official order that allows someone to keep the property of a person who owes them money until the money has been paid back. The security interest created by a mortgage the lien of a mortgage.
Eligible - qualified for or allowed or worthy of being chosen. In line - awaiting something. The series of persons who have descended from a common ancestor placed one under the other in the order of their birth.
A claim upon a part of anothers property that arises because of an unpaid debt related to that property and that operates as an encumbrance on the property until the debt is satisfied. The statement that someones property is tied up. A lien is an encumbrance on one persons property to secure a debt the property owner owes to another person.
A legal claim such as a lien allows the lender to seize the asset in question if the borrower fails to make the repayment. He was in line for the presidency. A charge upon real or personal property for the satisfaction of some debt or duty ordinarily arising by operation of law The bank had a lien on our house.
It connects successively all the relations by blood to each other. If the underlying obligation is not satisfied the creditor may be able to take possession of the property involved. In line - being next in a line of succession.
The seller may obtain clear title by paying the contractor and removing the lien. A right to retain possession of them until a debt is paid. The right to hold anothers property as security for a debt owed.
A lien generally stays in effect until the underlying obligation to the creditor is satisfied. A right given to another by the owner of property to secure a debt or one created by law in favor of certain creditors. It is generally filed with a county records office for real property or with a state agency such as the secretary of state boats mobile homes office equipment and the like.
Is a notice that attaches to your property telling the world that a creditor claims you owe it some money. A lien is typically a public record. Mar 24 2021 A lien is used to protect the underlying obligation which as an example can be the repayment of the loan.
An official order that allows someone to keep the property of a person who owes them money until the money has been paid back. If a court decides that a person must repay a debt a lien may be placed against that persons property. In-line definition is - having the parts or units arranged in a straight line.
Switch to new thesaurus Adj. Succeeding - coming after or following 2. People were in line at the checkout counter.
Jun 16 2003 A lien ˈliːn or ˈliːən 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. Jun 02 2021 Definition of lien. Lien A security interest or legal right acquired in ones property by a creditor.
She was in line for promotion. 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.
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