A non-possessory interest in property giving
a lienholder the right to foreclose if the owner
does not pay a debt owed the lienholder; a
financial encumbrance on the owner’s title.
Merriam-Webster Online Dictionary
lien (noun)1.
a charge upon real or personal property for the satisfaction of some debt or duty ordinarily arising by operation of law
2.
the security interest created by a mortgage
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