Lien: Difference between revisions
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imported>Doug Williamson (Add link.) |
imported>Doug Williamson (Add example. Source: Oxford Dictionary of Law, 8th Edition.) |
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A legal right to hold the property of another party or to have it sold or applied in payment of a claim. | A legal right to hold the property of another party, or to have it sold or applied in payment of a claim against the owner. | ||
Examples include the right of a repairer of goods to retain the goods they are repairing. | |||
== See also == | == See also == | ||
* [[Encumbrance]] | * [[Encumbrance]] | ||
* [[First lien]] | |||
* [[Fixed charge]] | * [[Fixed charge]] | ||
* [[Garnishee order]] | |||
* [[Interest]] | |||
* [[Mortgage]] | * [[Mortgage]] | ||
* [[Pledge]] | * [[Pledge]] | ||
* [[Remedy]] | * [[Remedy]] | ||
* [[ | * [[Second lien]] | ||
[[Category:Accounting,_tax_and_regulation]] | |||
Latest revision as of 14:16, 27 July 2020
A legal right to hold the property of another party, or to have it sold or applied in payment of a claim against the owner.
Examples include the right of a repairer of goods to retain the goods they are repairing.
