Lien

From Conservapedia - Reading time: 1 min

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A lien is an encumbrance or legal burden upon property. See also judicial lien.

Specifically, a lien is a charge on specific property that is designed to secure payment of a debt or performance of an obligation. A debtor may still be responsible for a lien after a discharge in bankruptcy.

See also[edit]

• Glossary of Budget Terms
• Mortgage
• Accounting
• Funds