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

  • Interest rate floors
    Interest rate floors are put options on an interest rate. Interest rate floor refers to ...
  • Accrued discount
    Accrued discount means the interest that accumulates on savings bonds from the date of ...
  • Res ipsa loquitur
    Res ipsa loquitur literally, “the thing speaks for itself.” Under this doctrine, the ...
  • Loan sale
    Loan sale is the sale under a contract (also called a secondary loan participation) of ...
  • After acquired clause
    After acquired clause is a contractual clause in a mortgage agreement stating that any ...