possessory lien
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possessory lien — Charge for an unpaid debt, enforced by having physical custody of the asset to which the lien applies. (Dictionary of Canadian Bankruptcy Terms) United Glossary of Bankruptcy Terms 2012 … Glossary of Bankruptcy
Possessory Lien — Property that is in the hands of, or is possessed by, the individual who grants the lien. A lien is the claim that one person has over the property of another as security for the payment of a debt. In a possessory lien, the creditor has a right… … Investment dictionary
possessory lien — A lien which continues only during the possession of the lienor … Ballentine's law dictionary
Non-Possessory Lien — The legal claim against an asset in order to secure payment of the debtor s obligation. In a non possessory lien the lienor does not hold physical possession of the asset in question, only a legal right. For example, a creditor can place a non… … Investment dictionary
lien — / lēn/ n [Anglo French, bond, obligation, literally, tie, band, from Old French, from Latin ligamen, from ligare to bind]: a charge or encumbrance upon property for the satisfaction of a debt or other duty that is created by agreement of the… … Law dictionary
attorney's possessory lien — See retaining lien … Ballentine's law dictionary
Lien — For other uses, see Lien (disambiguation). Property law … Wikipedia
lien — lien1 lienable, adj. /leen, lee euhn/, n. Law. the legal claim of one person upon the property of another person to secure the payment of a debt or the satisfaction of an obligation. [1525 35; < AF, OF < L ligamen tie, bandage, equiv. to liga(re) … Universalium
possessory — Relating to possession; founded on possession; contemplating or claiming possession possessory action @ possessory claim The title of a pre emptor of public lands who has filed his declaratory statement but has not paid for the land @ possessory… … Black's law dictionary
lien — The right of one person to retain possession of goods owned by another until the possessor s claims against the owner have been satisfied. In a general lien, the goods are held as security for all the outstanding debts of the owner, whereas in a… … Big dictionary of business and management
Maritime lien — Admiralty law History … Wikipedia
