Lien is a lender’s claim on assets offered as security for a loan.

Webster Dictionary Meaning

1. Lien
- of Lie
2. Lien
- A legal claim; a charge upon real or personal property for the satisfaction of some debt or duty; a right in one to control or hold and retain the property of another until some claim of the former is paid or satisfied.
3. Lien
- of Lie. See Lain.
Share it:  Cite

More from this Section

  • Commercial Banks
    Generally bank means commercial bank from the ancient period of time. These banks function ...
  • Accrual Accounting Convention
    Accrual Accounting Convention is an accounting system that tries to match the recognition ...
  • Reporting form
    Reporting form coverage for commercial property insurance that requires the insured to ...
  • Treasury notes
    Treasury notes is the coupon instruments issued by the U.S. government, with original ...
  • Wealth
    Wealth is an inclusive term encompassing all a person’s material assets, including land, ...