tax lien

tax lien definition - business

tax lien

A legal claim placed against property because of nonpayment of taxes by the property owner. A tax lien assumes priority over all other claims on the same property.

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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