This page shows official legal definitions of “lien” from courts and ministries of justice in multiple countries. Definitions are listed in order of reading level to help with both basic understanding and deeper context.
|
The right to hold a person's property as security for the performance of an obligation (e.g. the payment of money owing).
|
||
|
A right to hold property until performance of an obligation such as payment of a debt. This is often a right not necessarily to sell the property but to withhold it until a debt is paid.
|
||
|
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.
|