lien Hear it!

lien Definition

lien (lēn, lē′ən)

noun

Law a claim on the property of another as security for the payment of a just debt

Etymology: Fr < L ligamen, a band < ligare, to bind, tie: see ligature

lien Synonyms

lien

n.

right to dispose of property, hold on property, charge, security on property, real security; see also claim.

lien Law Definition

n

A security interest, held by a creditor in a debtor’s property, to secure a loan.
attorney’s lien
See attorney’s lien.
mechanic’s lien
A lien against real property to secure payment of amounts owing to contractors, service people, etc., who performed work on the property.

lien Usage Examples

Converse of object

  • exercise: The Dealer shall be entitled to exercise a lien on the Work of Art for any sums owing by the Client to the Dealer.
  • claim: The Sureties claimed a maritime lien for necessaries against Commodore's vessels based on the bond.
  • charge: To attack a Nevis LLC interest, the creditor has to apply in a Nevis court for issuance of the charging lien.
  • have: He also has a lien, or charge, over the property for his costs in the exercise.
  • call: The deepening layer of taxation in price that resulted I call the social lien.
  • assert: Faith asserted a lien on the cargo for demurrage based on the lien clause incorporated into the original bill.

Preposition: on

  • document: Exercise of solicitors ' lien on documents by Society 22.
  • good: There were words like ' inter alia ' , ' lien on goods ' and ' pro-rata ' to really give me a headache!
  • cargo: Faith asserted a lien on the cargo for demurrage based on the lien clause incorporated into the original bill.

Adjective modifier

  • maritime: Priority of maritime lien for breach of charter: inchoate lien: perfected lien.
  • contractual: A properly drafted contractual lien would extend over any other aircraft or assets of the operator which are in the facility's hands.
  • general: A person when exercising a lien must ascertain whether his contractual lien is a general lien or a particular lien.
  • legal: A legal lien remains in force as long as possession of the property is retained.
  • particular: A person when exercising a lien must ascertain whether his contractual lien is a general lien or a particular lien.
  • real: Many of our associates already have real estate liens in force of between 5 million to over 15 million dollars.

Modifies a noun

clause: The precise charges covered by any lien clause in the bill of lading will be a matter of construction of the bill.

Noun used with modifier

  • judgment: A judgment lien ago perhaps of to buy auto.
  • tax: Tax lien or higher interest rate taken the property to find work.
  • estate: Many of our associates already have real estate liens in force of between 5 million to over 15 million dollars.
  • comp: Workers ' comp lien to the courts in benefits more years of.