Law Dictionary

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Legal Terms

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lien

(1) A legal claim against another person’s property as security for a debt. A lien does not convey ownership of the property, but gives the lienholder a right to have his or her debt satisfied out of the proceeds of the property if the debt is not otherwise paid. (2) A charge or security or encumbrance upon real property. Liens may be imposed for failure to pay fines for fees due to a court.

Source : Delaware State Courts - First State Judiciary

Language : English

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