discharge of lien

discharge of lien definition - finance
A court order that removes a lien on a property after the court-ordered payment has been completed. A discharge of lien frees up the property to be sold.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

Comments
Improve this definition.
Do you have more to add? Share your linguistic knowledge or observation.
/Register to save your comments.