Lien - A security interest in one or more assets that is granted to lenders in connection with secured debt financing.
When a creditor or bank has the right to sell mortgaged or collateral property of those who fail to meet the obligations of their loan contract.
The right of an individual to retain possession of the goods of another until the latter fulfils his/her obligations such as the payment of an outstanding debt.
Lien : a security interest in one or more assets that is granted to lenders in connection with secured debt financing.
when a creditor or bank has the right to sell mortgaged or collateral property of those who fail to meet the obligations of their loan contract.
the right of an individual to retain possession of the goods of another until the latter fulfils his/her obligations such as the payment of an outstanding debt.
Lien