involuntary lien

involuntary lien definition - business

involuntary lien

A lien placed on an asset without consent of the asset's owner. For example, a lien may be placed on real property for nonpayment of taxes.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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