noun
definition
A tendon.
definition
A right to take possession of a debtor’s property as security until a debt or duty is discharged.
Examples of lien in a Sentence
But the abolition of the law of hypothec in 1879 - under which the landlord had a lien for rent upon the produce of the land, the cattle and sheep fed on it, and the live stock and implements used in husbandry - the Ground Game Act of 1880, the sevekal Agricultural Holdings Acts, and the construction of light railways improved matters and established a better understanding.
A homestead provision (1901) exempts from liability for debts (except mortgages or liens placed before the homestead claim) any homestead belonging to the head of a family, existing in one compact body and valued at not more than $2500; such a homestead a married man may not sell, lease or put a lien on without his wife's consent.
A charging order constitutes a lien on the judgment debtor 's limited liability company interest.
The lien remains inchoate until a breach of the charter occurs, when the lien becomes perfected.
The Sureties claimed a maritime lien for necessaries against Commodore's vessels based on the bond.
The deepening layer of taxation in price that resulted I call the social lien.
A legal lien remains in force as long as possession of the property is retained.
But attempts to execute this were so unsuccessful that it has been succeeded by a law imposing what is known as the "mulct tax," which requires the payment of $600 in quarterly instalments for a licence to sell such liquors and places a lien for the whole amount on the real property in use for the business.
After Alberts murder, which took place in May 1308, Henry, count of Luzemburg, a brother of Baldwin (1285-1354), the powerful archbishop of Trier, became king as Henry lien VII
A homestead, entered upon record and limited to a value of $5000 if held by the head of a family and to a value of $loon if held by one not the head of a family, is exempt from liability for debts,except for a mortgage; a lien before it was claimed as a homestead is a lien afterward for improvements.
The Dealer shall be entitled to exercise a lien on the Work of Art for any sums owing by the Client to the Dealer.
To attack a Nevis LLC interest, the creditor has to apply in a Nevis court for issuance of the charging lien.
He also has a lien, or charge, over the property for his costs in the exercise.
Faith asserted a lien on the cargo for demurrage based on the lien clause incorporated into the original bill.
Faith asserted a lien on the cargo for demurrage based on the lien on the cargo for demurrage based on the lien clause incorporated into the original bill.
A properly drafted contractual lien would extend over any other aircraft or assets of the operator which are in the facility's hands.
A person when exercising a lien must ascertain whether his contractual lien is a general lien or a particular lien.
A judgment lien ago perhaps of to buy auto.
Workers ' comp lien to the courts in benefits more years of.
The monies secured by the lien are limited to monies in respect of the goods held only.
There should be no other lien holders (such as a bank) listed on the front of the title.
A lien is an encumbrance put on a property to secure the payment of a debt.
The government uses a tax lien to secure property in lieu of late or nonpayment of property taxes.
If a homeowner or property owner is delinquent in the payment of taxes, the county or municipality may impose a lien on that property.
Once the home has a lien on it, the property is locked in litigation until that lien is paid in full.
Tax lien sales usually occur at auctions.
There was a time when an investor would need to show up physically for an auction, but it is becoming popular to hold tax lien sales online.
If the original property owner declares bankruptcy, creditors have priority over a tax lien holder.
They may also try to collect the amount due them by attaching a lien to your bank accounts.
Equity is any value of your home that is not mortgaged, nor has any lien on it.
These include criminal records, bankruptcies, and judgment and tax lien databases.
The mortgage must be a first lien on the property.
Although they are listed as the owners on their homes, they are not actually the lien holders.
Even when a homeowner stays up to date on payments, the lender is still considered the lien holder.
In fact, the mortgage lender is considered the lien holder on the home until the mortgage is paid in full by the borrower.
This lien supersedes all other types of liens on the property so if the property owner does not repay the lien, the property is auctioned off.
The Internal Revenue Service may place a lien on a home after failure to pay tax debt.
When this happens, all creditors receive notification by the government that the lien is in place.
The county or other government collecting property taxes place the tax lien.
A homeowner 62 years or over with a low balance lien, or even better, no lien on the property is the ideal candidate for a reverse mortgage.
In some cases, especially if you work with a new lender, a title search may be performed to ensure that there are no creditors who have a lien on your home.
The lender may put a lien on the account to protect its interest.
Once the investment property achieves the required equity, the lien on the account will be released.
Once the CD achieves the required equity, the lien will be released and the CD plus any accrued interest will be returned to you.
For this reason, when a homeowner stops making mortgage payments, the bank as the lien holder has the right to repossess the home in the form of a foreclosure.
You should also learn about lien regulations in your area.
Tom also has a daughter Lien from a liaison during the Vietnam War and son Daniel from an affair with Emily Stewart.
The only refinancing fees you should really pay will be for the new lender to have the car's title changed to list them as the lien holder.
On the other hand, used vehicles that have little value and no lien holder may call for less insurance.
If you are leasing a vehicle or if there is some sort of lien on your car, you may be required to carry a specific amount of car coverage.