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19 results for: Lien
lien1 
Audio Help [leen, lee-uhn] Pronunciation Key
—Related forms
Audio Help [leen, lee-uhn] Pronunciation Key –noun
| Law. the legal claim of one person upon the property of another person to secure the payment of a debt or the satisfaction of an obligation. |
[Origin: 1525–35; < AF, OF < L ligāmen tie, bandage, equiv. to ligā(re) to tie + -men n. suffix of result]
] —Related forms
lien·a·ble, adjective
| Dictionary.com Unabridged (v 1.1) Based on the Random House Unabridged Dictionary, © Random House, Inc. 2006. |
Lien
To learn more about Lien visit Britannica.com
| © 2008 Encyclopædia Britannica, Inc. |
| Liens Nationwide Criminal-Lawsuits-Assets Address History-Property-Liens-More www.Intelius.com | Sponsored Link |
| Dictionary.com Unabridged (v 1.1) Based on the Random House Unabridged Dictionary, © Random House, Inc. 2006. |
| lien
Audio Help (lēn, lē'ən) Pronunciation Key
n. The right to take and hold or sell the property of a debtor as security or payment for a debt or duty. [French, tie, bond, from Old French, constraint, from Latin ligāmen, bond, from ligāre, to bind; see leig- in Indo-European roots.] lien'a·ble adj. |
| The American Heritage® Dictionary of the English Language, Fourth Edition Copyright © 2006 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. |
lien
"right to hold property of another until debt is paid," 1531, from M.Fr. lien, from L. ligamen "bond," from ligare "to bind, tie" (see ligament).
| Online Etymology Dictionary, © 2001 Douglas Harper |
| lien | |
noun | |
| 1. | the right to take another's property if an obligation is not discharged |
| 2. | a large dark-red oval organ on the left side of the body between the stomach and the diaphragm; produces cells involved in immune responses [syn: spleen] |
| WordNet® 3.0, © 2006 by Princeton University. |
lien [(leen, lee-uhn)]
A claim or right given to a creditor to secure payment of a debt, usually by sale of the debtor's property.
[Chapter:] Business and Economics
| The American Heritage® New Dictionary of Cultural Literacy, Third Edition Copyright © 2005 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. |
n, -
n
)- The spleen.
| The American Heritage® Stedman's Medical Dictionary Copyright © 2002, 2001, 1995 by Houghton Mifflin Company. Published by Houghton Mifflin Company. |
Main Entry: li·en
Pronunciation: 'lI-&n, 'lI-"en
Function: noun
: SPLEEN
—li·en·al /-&l/ adjective
| Merriam-Webster's Medical Dictionary, © 2002 Merriam-Webster, Inc. |
Lien
When a creditor or bank has the right to sell the mortgaged or collateral property of those who fail to meet the obligations of a loan contract.
Investopedia
Commentary
This is typically enforced under provincial or state laws.
Related Links
Mortgages: How Much Can You Afford?
The Indiana Jones
Guide to Getting Ahead
See also: Blanket Lien, Collateral, Creditor, Encumbrance, Liquidation
Also spelled: lein
| Investopedia.com. Copyright © 1999-2005 - All rights reserved. Owned and Operated by Investopedia Inc. |
lien
- The legal right of a creditor to sell mortgaged assets when the debtor is unable or unwilling to meet requirements of a loan agreement. A lien makes a bondholder's claim more secure.
| Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. |
Main Entry: lien
Pronunciation: 'lEn
Function: noun
Etymology: 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 parties or esp. by operation of law;
specifically : a security interest created esp. by a mortgage
assessment lien
: a lien that is on property benefiting from an improvement made by a municipality and that secures payment of the taxes assessed to pay for the improvement
attachment lien
: a lien acquired on property by a creditor upon levy of an attachment
car·ri·er's lien
: a lien against freight conferring on the carrier the right to retain the property until the amount due is paid
charging lien
: a lien attaching to a judgment or recovery awarded to a plaintiff and securing payment of the plaintiff's attorney's fees and expenses called also special lien
choate lien
: a lien that requires no further action to be made enforceable and that identifies the lienor, the property subject to the lien, and the amount of the lien
common–law lien
: a lien under common law giving a creditor (as a bailee) in possession of property the right to retain possession until payment of the amount due
equitable lien
: a lien against property that does not require possession of the property and that is available in equity to prevent unjust enrichment
factor's lien
: a lien against property held on consignment by a factor conferring the right to retain possession of the property until payment of the amount due
NOTE: Under Article 9 of the Uniform Commercial Code, a factor's lien is simply a security interest and, unlike a common-law lien, is enforceable even after the factor is no longer in possession of the property.
first lien
: a lien taking precedence over all other claims, charges, or encumbrances of the same general category but not necessarily over those (as taxes) imposed by government sanction
float·ing lien
: a lien created in a security agreement against property owned by the debtor at the time of the agreement's creation as well as property acquired after the agreement's creation
general lien
1 : a lien that is for the satisfaction of a balance due from an owner of property and that is not confined to the amount due in respect to the property itself
2 : RETAINING LIEN in this entry
inchoate lien
: a lien for which some procedure remains unfinished or some term remains undetermined
involuntary lien
: a lien that arises other than by the debtor's consent (as by operation of law)
judgment lien
: a lien acquired against the property of a debtor by a creditor upon obtaining a favorable judgment
judicial lien
: a lien obtained by a legal or equitable process (as judgment, levy, attachment, or execution)
ju·nior lien
: a lien that is lower in priority relative to other liens
landlord's lien
: a lien against the goods and valuables of a tenant to secure payment of rent or sometimes repayment of money otherwise owed to a landlord
maritime lien
: a lien arising under maritime law against a ship or its cargo (as for services or supplies tendered or for damages caused by a collision) which may be enforced by a court-ordered seizure of the property in order to satisfy the obligation
ma·te·ri·al·man's lien
/m&-'tir-E-&l-m&nz-/
: a lien on property for materials supplied
me·chan·ic's lien
: a lien against a building and its site to assure priority of payment for labor or services (as construction and sometimes design) or material
retaining lien
: a lien that attaches to the papers or property of a client which have come into his or her attorney's possession in the course of employment and that secures payment of the attorney's fees called also general lien
se·nior lien
: a lien that is higher in priority relative to other liens
special lien
1 : an equitable lien enforceable to compel performance of an obligation (as under a divorce settlement)
2 : CHARGING LIEN in this entry
spe·cif·ic lien
: a lien upon specific property as security for the payment of a debt or the satisfaction of some other obligation arising out of a transaction or agreement involving that property —compare GENERAL LIEN in this entry
statutory lien
: a lien imposed by statute
tax lien
: a statutory lien on property for taxes due giving the taxing authority a security interest in the property —compare tax sale at SALE
vendor's lien
: a lien on esp. real property securing payment in full of the purchase price by the buyer
voluntary lien
: a lien created (as by contract) with the consent of the debtor
| Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc. |
Lien
Leam\, n. [See Leamer, Lien.] A cord or strap for leading a dog. --Sir W. Scott.| Webster's Revised Unabridged Dictionary, © 1996, 1998 MICRA, Inc. |
Lien
Leam"er\, n. [F. limier, OF. liemier, fr. L. ligamen band, bandage. See Lien.] A dog held by a leam.| Webster's Revised Unabridged Dictionary, © 1996, 1998 MICRA, Inc. |
Lien
Li*ane"\ (l[-i]*[=a]n"), Liana \Li*a"na\ (l[-i]*[=a]"n[.a]), n. [F. liane; prob. akin to lien a band, fr. L. ligamen, fr. ligare to bind. Cf. Lien, n. ] (Bot.) A luxuriant woody plant, climbing high trees and having ropelike stems. The grapevine often has the habit of a liane. Lianes are abundant in the forests of the Amazon region.| Webster's Revised Unabridged Dictionary, © 1996, 1998 MICRA, Inc. |
Lien
Lie\, v. i. [imp. Lay (l[=a]); p. p. Lain (l[=a]n), (Lien (l[imac]"[e^]n), Obs.); p. pr. & vb. n. Lying.] [OE. lien, liggen, AS. licgan; akin to D. liggen, OHG. ligen, licken, G. liegen, Icel. liggja, Sw. ligga, Dan. ligge, Goth. ligan, Russ. lejate, L. lectus bed, Gr. le`chos bed, le`xasqai to lie. Cf. Lair, Law, Lay, v. t., Litter, Low, adj.]1. To rest extended on the ground, a bed, or any support; to be, or to put one's self, in an horizontal position, or nearly so; to be prostate; to be stretched out; -- often with down, when predicated of living creatures; as, the book lies on the table; the snow lies on the roof; he lies in his coffin. The watchful traveler . . . Lay down again, and closed his weary eyes. --Dryden. 2. To be situated; to occupy a certain place; as, Ireland lies west of England; the meadows lie along the river; the ship lay in port. 3. To abide; to remain for a longer or shorter time; to be in a certain state or condition; as, to lie waste; to lie fallow; to lie open; to lie hid; to lie grieving; to lie under one's displeasure; to lie at the mercy of the waves; the paper does not lie smooth on the wall. 4. To be or exist; to belong or pertain; to have an abiding place; to consist; -- with in. Envy lies between beings equal in nature, though unequal in circumstances. --Collier. He that thinks that diversion may not lie in hard labor, forgets the early rising and hard riding of huntsmen. --Locke. 5. To lodge; to sleep. Whiles I was now trifling at home, I saw London, . . . where I lay one night only. --Evelyn. Mr. Quinion lay at our house that night. --Dickens. 6. To be still or quiet, like one lying down to rest. The wind is loud and will not lie. --Shak. 7. (Law) To be sustainable; to be capable of being maintained. "An appeal lies in this case." --Parsons. Note: Through ignorance or carelessness speakers and writers often confuse the forms of the two distinct verbs lay and lie. Lay is a transitive verb, and has for its preterit laid; as, he told me to lay it down, and I laid it down. Lie is intransitive, and has for its preterit lay; as, he told me to lie down, and I lay down. Some persons blunder by using laid for the preterit of lie; as, he told me to lie down, and I laid down. So persons often say incorrectly, the ship laid at anchor; they laid by during the storm; the book was laying on the shelf, etc. It is only necessary to remember, in all such cases, that laid is the preterit of lay, and not of lie. To lie along the shore (Naut.), to coast, keeping land in sight. To lie at the door of, to be imputable to; as, the sin, blame, etc., lies at your door. To lie at the heart, to be an object of affection, desire, or anxiety. --Sir W. Temple. To lie at the mercy of, to be in the power of. To lie by. (a) To remain with; to be at hand; as, he has the manuscript lying by him. (b) To rest; to intermit labor; as, we lay by during the heat of the day. To lie hard or heavy, to press or weigh; to bear hard. To lie in, to be in childbed; to bring forth young. To lie in one, to be in the power of; to belong to. "As much as lieth in you, live peaceably with all men." --Rom. xii. 18. To lie in the way, to be an obstacle or impediment. To lie in wait, to wait in concealment; to lie in ambush. To lie on or upon. (a) To depend on; as, his life lies on the result. (b) To bear, rest, press, or weigh on. To lie low, to remain in concealment or inactive. [Slang] To lie on hand, To lie on one's hands, to remain unsold or unused; as, the goods are still lying on his hands; they have too much time lying on their hands. To lie on the head of, to be imputed to. What he gets more of her than sharp words, let it lie on my head. --Shak. To lie over. (a) To remain unpaid after the time when payment is due, as a note in bank. (b) To be deferred to some future occasion, as a resolution in a public deliberative body. To lie to (Naut.), to stop or delay; especially, to head as near the wind as possible as being the position of greatest safety in a gale; -- said of a ship. Cf. To bring to, under Bring. To lie under, to be subject to; to suffer; to be oppressed by. To lie with. (a) To lodge or sleep with. (b) To have sexual intercourse with. (c) To belong to; as, it lies with you to make amends.| Webster's Revised Unabridged Dictionary, © 1996, 1998 MICRA, Inc. |
Lien
Li"en\ (l[imac]"[e^]n), obs. p. p. of Lie. See Lain. --Ps. lxviii. 13.| Webster's Revised Unabridged Dictionary, © 1996, 1998 MICRA, Inc. |
Lien
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 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.| Webster's Revised Unabridged Dictionary, © 1996, 1998 MICRA, Inc. |
Lien
Lig"a*ment\ (l[i^]g"[.a]*ment), n. [L. ligamentum, fr. ligare to bind: cf. F. ligament. Cf. Lien, n., Ligature.]1. Anything that ties or unites one thing or part to another; a bandage; a bond. --Hawthorne. Interwoven is the love of liberty with every ligament of your hearts. --Washington. 2. (Anat.) (a) A tough band or plate of dense, fibrous, connective tissue or fibrocartilage serving to unite bones or form joints. (b) A band of connective tissue, or a membranous fold, which supports or retains an organ in place; as, the gastrophrenic ligament, connecting the diaphragm and stomach.| Webster's Revised Unabridged Dictionary, © 1996, 1998 MICRA, Inc. |
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