The Ultimate Legal Dictionary
PracticePanther compiled a list of the legal terms and definitions every
attorney, paralegal, and law student needs to know when running a law firm.
Lien
DEFINITION
A security interest in the real or personal property of a debtor whereby a creditor attaches an interest in the debtor’s property to guarantee that the debtor will pay his obligation to the creditor. If the debtor fails to pay in a timely manner the property to which the lien is attached will revert to the creditor.
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