Those charges or the security that attaches to any kind of property. For example, if there is a mortgage on a piece of property, then the property is said to be encumbered by that mortgage. (Dictionary of Canadian Bankruptcy Terms)

United Glossary of Bankruptcy Terms 2012.

Glossary of Bankruptcy.

Look at other dictionaries:

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  • mortgage lien — Encumbrances on property of mortgagor which secures debt obligation. In some states, the mortgagor retains legal title until foreclosure and the mortgagee has a security interest called a lien which is recognized ahead of other claims to the… …   Black's law dictionary

  • Title insurance in the United States — is indemnity insurance against financial loss from defects in title to real property and from the invalidity or unenforceability of mortgage liens. Title insurance is principally a product developed and sold in the United States as a result of… …   Wikipedia

  • deed — 1 n 1: something done: act (1) my free act and deed 2: a written instrument by which a person transfers ownership of real property to another see also deliver …   Law dictionary

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  • marketable title — see title Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. marketable title n …   Law dictionary

  • title — ti·tle n [Anglo French, inscription, legal right, from Old French, from Latin titulum inscription, chapter heading, part of the law that sanctions an action] 1 a: the means or right by which one owns or possesses property; broadly: the quality of …   Law dictionary

  • full title guarantee — One of the two key phrases used to imply covenants for title under the Law of Property (Miscellaneous Provisions) Act 1994 in an instrument effecting or purporting to effect a disposition of property ({{}}section 1(1)). The other key phrase is… …   Law dictionary

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