The meaning of LIEN is a charge upon real or personal property for the satisfaction of some debt or duty ordinarily arising by operation of law. How to use lien in a sentence.
goods or articles howsoever brought by any person upon the railway premises including any train of the Corporation and accepted for carriage on the railway or storage by the Corporation under by-law 39C and shall also have a general lien against the owner of any such motor vehicles, motorcycles...
(1)Subject to this and any other Act, notwithstanding that the property in the goods may have passed to the buyer, the unpaid seller of goods, as such, has by implication of law— (a)a lien on the goods or right...
goods or articles howsoever brought by any person upon the railway premises including any train of the Corporation and accepted for carriage on the railway or storage by the Corporation under by-law 39C and shall also have a general lien against the owner of any such motor vehicles, motorcycles...
A right given to another by the owner of property to secure a debt, or one created by law in favor of certain creditors. A lien is an encumbrance on one person's property to secure a debt the property owner owes to another person. The statement that someone's property is "tied up" ...
awater and sewer charges constitute a lien on the property until paid in addition to legal action against the owner, a failure to pay such charges when due may result in foreclosure of the lien by the city of new york, or the property being placed in a lien sale by the city 水和...
However, there are often legal fees involved, there is no guarantee that the property owner will pay, and if you do end up foreclosing on the property, there are no guarantees about the condition of the property, which could lead to more expenses once you take ownership.3 ...
a binding] The right of one person to retain possession of goods owned by another until the possessor’s claims against the owner have been satisfied… This type of lien is a possessory lien, but sometimes actual possession of the goods is not necessary. In an equitable lien, for example,...
Property liens can be granted for repossessing property such as a car, boat, or even a house if the owner has defaulted on mortgage payments. Typically, property liens are the final step a creditor will take to collect an unpaid debt. ...
lien: A claim upon a part of another's property that arises because of an unpaid debt related to that property and that operates as an encumbrance on the property until the debt is satisfied.