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lien - 12 dictionary results
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lien
1
[leen, lee-uh
n] 
–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
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
li⋅en
2 [lahy-uhn, -en] –noun Anatomy.
| the spleen. |
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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Based on the Random House Dictionary, © Random House, Inc. 2009.
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|
Link To lien
| lien (lēn, lē'ən) 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 © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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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.
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Language Translation for : lien
Spanish:
vínculo,
German:
die Bande (pl.),
Japanese:
きずな
The American Heritage® New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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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
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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
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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.
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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 by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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Copyright © 2003. Published by Houghton Mifflin.
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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.
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Merriam-Webster's Medical Dictionary, © 2002 Merriam-Webster, Inc.
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lien li·en (lī'ən, -ěn')
n.
The spleen.
The American Heritage® Stedman's Medical Dictionary
Copyright © 2002, 2001, 1995 by Houghton Mifflin Company. Published by Houghton Mifflin Company.
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Copyright © 2002, 2001, 1995 by Houghton Mifflin Company. Published by Houghton Mifflin Company.
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