A creditor's claim against property. When the debt is paid, the lien is removed. Liens may also be granted by courts to satisfy judgments.
Other terms explained in the Business Loans Glossary
Business Loans Glossary: Lien
Business Loans Glossary: Lien
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Article Id: 91 - Version: 3 - Created: 25-02-2008 - Last Updated: 26-03-2008 - Hits: 429
Categories: Glossary
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