Another Word For Lien

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Meaning

A "lien" is a legal right or interest that a lender has in someone else's property, granted until a debt owed by the property owner is satisfied. It acts as a form of security for the lender, ensuring that they can take ownership of the property if the borrower fails to repay the loan.

Synonyms

Antonyms

Etymology

The word "lien" comes from the Middle English term "liene," which is derived from the Old French "lier," meaning "to bind." This reflects the idea that a lien binds the property to the obligation of the debt.

Examples

  1. The bank placed a lien on the house until the mortgage was fully paid off.
  2. Before accepting the loan, ensure there is no existing lien on the car you're planning to buy.
  3. The contractor put a mechanic's lien on the property for unpaid work performed last year.

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