Home of Clear-Point Law, Your Toolkit for a Legal Word
Black-Belt Legal GuideTM Titles    Clear-Point Law Dictionary    Find a Local Attorney    Author a Black-Belt Legal GuideTM    

lien


lien, defined:

a legal interest in another's property as security for a debt. A lien is a mechanism for guaranteeing that a debtor's will meet his or her obligation.

lien, as it might be used:

He filed a lien with the County Recorder.

An example of lien:

After a serious car accident, Fiona is awarded a judgment against the uninsured driver who ran the red light. The defendant, facing a sizable judgment, quickly empties all of his bank accounts and pleads poverty to escape the debt. Fiona places a lien against the defendant's home as first step in securing payment.
CURRENT LOCATION: Home > Law Dictionary > lien
Clear-Point Law Dictionary

Legal Definitions for Mere Mortals

Search Dictionary

 
CPL Attorney Directory
Publish a Black Belt Legal Guide
ClearPointLaw.com is produced by Legal Franca Publishing


Terms of Use -  Contacts -  About Us -  User Feedback -  How to Use this Site -  Publish a Black-Belt Legal GuideTM