lien


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Related to lien: line, Construction lien

lien

 (lēn, lē′ən)
n. Law
1. A claim upon a part of another's property that arises because of an unpaid debt related to that property and that operates as an encumbrance on the property until the debt is satisfied.
2. The right to hold another's property as security for a debt owed.

[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.

lien

(ˈliːən; liːn)
n
(Law) law a right to retain possession of another's property pending discharge of a debt
[C16: via Old French from Latin ligāmen bond, from ligāre to bind]

lien

(lin, ˈli ən)

n.
the legal right to hold another's property or to have it sold or applied for payment of a claim, esp. to satisfy a debt.
[1525–35; < Anglo-French, Old French < Latin ligāmen tie, bandage =ligā(re) to tie + -men n. suffix of result]
lien′a•ble, adj.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.lien - the right to take another's property if an obligation is not discharged
security interest - any interest in a property that secures the payment of an obligation
artisan's lien - lien permitting an artisan to retain possession of a piece of work until has been paid for
general lien - a lien on all the property owned by a debtor and not just a specific property
judgment lien - lien on a debtor's property that is granted to a creditor by court judgment; lien may be enforced by having the sheriff seize the property and hold a sheriff's sale
landlord's lien - lien on a tenant's property for the satisfaction of unpaid rent or property damage; the landlord is given the status of a preferred creditor with regard to the tenant's property
mechanic's lien - lien to secure payment for work and materials in erecting or repairing a building or other structure
tax lien - lien of which a tax collector may avail himself in default of taxes (analogous to a judgment lien)
warehouseman's lien - right of a warehouseman to retain goods until all storage charges have been paid
2.lien - a large dark-red oval organ on the left side of the body between the stomach and the diaphragmlien - 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
lymphatic tissue, lymphoid tissue - tissue making up the lymphatic system
arteria lienalis, lienal artery, splenic artery - an artery that originates from the celiac trunk and supplies blood to the spleen
splenic vein, vena lienalis - a vein formed by several small veins on the surface of the spleen; joins the superior mesenteric to form the portal vein
lymphatic system, systema lymphaticum - the interconnected system of spaces and vessels between body tissues and organs by which lymph circulates throughout the body
Translations

lien

[lɪən] Nderecho m de retención (on de) banker's liengravamen m bancario
general lienembargo m preventivo, gravamen m general
vendor's liengravamen m del vendedor

lien

nZurückbehaltungsrecht nt, → Pfandrecht nt
References in classic literature ?
He acted in this manner, because he thought he had secured a sufficient lien on the young lady, by means of her "yes," and knew how important it was for one who could show none of the usual inducements for consent, to the parents, to obtain the good-will of the "old lady.
Casaubon was out of the question, not merely because he declined duty of this sort, but because Featherstone had an especial dislike to him as the rector of his own parish, who had a lien on the land in the shape of tithe, also as the deliverer of morning sermons, which the old man, being in his pew and not at all sleepy, had been obliged to sit through with an inward snarl.
There are deeds of trust, mortgages, certificates of release, transfers, judgments, foreclosures, writs of attachment, orders of sale, tax liens, petitions for letters of administration, and decrees of distribution.
When the tax lien is paid and released, papers are filed with the courts as well, affirming the discharge.
As previously disclosed by CEOC, in connection with these discussions, the First Lien Bank Lenders entered into non-disclosure agreements ("NDAs") with the Company pursuant to which the Company provided certain confidential information to the First Lien Bank Lenders.
The EFIH Second Lien Settlement is open to all holders of the Issuer s 11% Senior Secured Second Lien Notes due 2021 (the "EFIH 11% Second Lien Notes ) and 11.
As part of the modification process, LPS Industry Lien Matching provides participating servicers with the transparency needed to identify all loans associated with a first lien, which is especially critical when a property has subordinate liens being serviced by different servicers.
For hens, the CAP can be used (either before or after a lien notice is fried) to (1) challenge a refusal to withdraw the notice or to discharge or subordinate a lien or (2) prevent attachment of the lien, and (as was noted) it can be used by nominees and third parties holding taxpayer property.
That's particularly true in that hedge funds and distressed-asset lenders are prime forces in this type of lending, and may not have the stomach or the expertise to stay the course if things go south (see sidebar, "How Second Liens Complicate a Workout," on page 43).
Shaw claims they have a lien and want to foreclose on it and become the owner of it.
Along with paying off the tax lien, the refinancing allowed me to put tuition funds aside for my two daughters in college and for my three younger children in parochial school.
In the immediate aftermath of the Civil War the crop lien became a widespread instrument of credit in a land shorn of capital.