specific lien

specific lien definition - business

specific lien

The lien of a secured creditor against a specific piece of property. Home mortgages and auto loans for which particular assets are pledged as collateral are examples of specific liens.

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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