Concept information
Preferred term
liens
Definition
- A lien is a right or claim against some interest in property to secure a debt or another obligation. The significance of the lien is that its holder, who is called a lien creditor or lienholder, has the right to force a sale of the property if there is a default in paying the debt or performing the obligation. [Source: The Encyclopedia of Housing; Liens]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/liens
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