Lien
105 definitions

About this Term

"A qualified right of property which a creditor has in or over specific property of his debtor, as security for . . . debt or charge or for performance" (see full definition at The Legal Dictionary). 

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A remedy enacted by filing a judgment with a county recorder. It acts as an encumbrance on real property owned by the obligor in the county in which it is recorded.

FK Reading Ease
54.7

FK Grade Level
High School
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    Any of a variety of charges or encumbrances on property, imposed to secure the payment of a debt or the performance or non‑performance of some act or to secure the payment of a tax. Liens can be imposed on real or personal property.

    FK Reading Ease
    55.4

    FK Grade Level
    High School
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    A legal claim against another person's property as security for a debt.

    FK Reading Ease
    44

    FK Grade Level
    High School
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    A claim upon the real property of another for some debt; the property remains in the defendant’s possession.

    FK Reading Ease
    38.2

    FK Grade Level
    College
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    A claim against property to secure a debt or other obligation.  If the property involved is real estate, the lien may be recorded in the Registry of Deeds so that anyone checking the title to the property will know that someone has a claim to it.

    FK Reading Ease
    57

    FK Grade Level
    High School
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    A legal claim against property that must be satisfied when the property is sold. A claim of money against a property, wherein the value of the property is used as security in repayment of a debt. Examples include a mechanic's lien, which might be for the unpaid cost of building supplies, or a tax lien for unpaid property taxes. A lien is a defect on the title and needs to be settled before transfer of ownership. A lien release is a written report of the settlement of a lien and is recorded in the public record as evidence of payment.

    FK Reading Ease
    57.3

    FK Grade Level
    High School
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    The legal right to take or sell property as security for a debt.

    FK Reading Ease
    70

    FK Grade Level
    Middle School
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    A charge against property, making it security for the payment of a debt, judgment, mortgage, or taxes.

    FK Reading Ease
    45.3

    FK Grade Level
    High School
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  • "Lien" means, with respect to any asset, (a) any mortgage, deed of trust, lien, pledge, hypothecation, encumbrance, charge or security interest in, on or of such asset and (b) the interest of a vendor or a lessor under any conditional sale agreement, capital lease or title retention agreement (or any financing lease having substantially the same economic effect as any of the foregoing but excluding any operating leases) relating to such asset.
    FK Reading Ease
    -20.2

    FK Grade Level
    Graduate School
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    A legal claim of one person on the property of another.

    FK Reading Ease
    64.9

    FK Grade Level
    Middle School
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