lien
lien
a charge upon a specific property designed to secure payment of a debt or performance of an obligation (Glossary of Common Bankruptcy Terms)

A charge against or interest in property to secure payment of a debt or performance of an obligation. A lien prevents the sale of the encumbered item without the permission of, or payment to, the lien holder.
A mortgage on real property is a lien. An encumbrance on the title of an automobile is a lien.
also see claim; secured claim; avoidance of lien (Bernstein's Dictionary of Bankruptcy Terminology)

Security for the holder against a debtor's assets, usually arising by operation of law rather than express contract between the parties. (Dictionary of Canadian Bankruptcy Terms)

An interest in real or personal property which secures a debt; the lien may be voluntary, such as a mortgage in real property, or involuntary, such as a judgment lien or tax lien. (Bankruptcy in Brief)

Under Title 11 U.S.C. Section 101:
(37) The term "lien" means charge against or interest in property to secure payment of a debt or performance of an obligation.

United Glossary of Bankruptcy Terms 2012.

lien
A charge against or interest in property to secure payment of a debt. A lien prevents the sale of the encumbered item without the permission of, or payment to, the lien holder. A mortgage on real property is a lien. An encumbrance on the title of an automobile is a lien. also see Claim, Secured and Avoidance of Lien

US Bankruptcy 2012.


Glossary of Bankruptcy.

Synonyms:

Look at other dictionaries:

  • lien — lien …   Dictionnaire des rimes

  • lien — / lēn/ n [Anglo French, bond, obligation, literally, tie, band, from Old French, from Latin ligamen, from ligare to bind]: a charge or encumbrance upon property for the satisfaction of a debt or other duty that is created by agreement of the… …   Law dictionary

  • lien — [ ljɛ̃ ] n. m. • v. 1120; lat. ligamen, de ligare → lier I ♦ 1 ♦ Chose flexible et allongée servant à lier, à attacher plusieurs objets ou les diverses parties d un objet. ⇒ attache, 1. bande, bride, corde, cordon, courroie, élastique, ficelle,… …   Encyclopédie Universelle

  • LIEN — (Heb. שִׁעְבּוּד נְכָסִים, Shibud Nekhasim). The Concept Jewish law enables the creditor to exercise a lien over all the debtor s property, in addition to his remedies against the debtor personally. This lien automatically comes into existence on …   Encyclopedia of Judaism

  • lien — Lien. s. m. Ce qui sert à lier une ou plusieurs choses. Gros lien. un fort lien. un lien de fer. le lien d une gerbe. le lien d un fagot. faire des liens forger des liens. il faut retenir cela avec des liens. Lien, se dit aussi de la corde ou… …   Dictionnaire de l'Académie française

  • LIEN — Cette page d’homonymie répertorie les différents sujets et articles partageant un même nom …   Wikipédia en Français

  • Lien — ist der Familienname folgender Personen: Harry Lien (1896–1978), US amerikanischer Skispringer Jennifer Lien (* 1974), US amerikanische Schauspielerin Lotte Lien (* 1988), norwegische Boxerin Merete Lien (* 1952), norwegische Schriftstellerin… …   Deutsch Wikipedia

  • lien — LIÉN, lienuri, s.n. (anat.) Splină. [pr.: li en] – Din lat. lien. Trimis de LauraGellner, 23.05.2004. Sursa: DEX 98  LIÉN s.n. Splină. [pron. li en. / < lat. lien]. Trimis de Laur …   Dicționar Român

  • Lien — (l[=e]n or l[imac] [e^]n; 277), n. [F. lien band, bond, tie, fr. L. ligamen, fr. ligare to bind. Cf. {League} a union, {Leam} a string, {Leamer}, {Ligament}.] (Law) A legal claim; a charge upon real or personal property for the satisfaction of… …   The Collaborative International Dictionary of English

  • Lien — (Snogebæk,Дания) Категория отеля: Адрес: 3730 Snogebæk, Дания Описание …   Каталог отелей

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