MLchartDataset catalogue

Equitable lien

Term · Law · MLC-T-LAW-001897

A right granted by a court of equity to have a demand satisfied from a particular fund or specific property, even without physical possession. This lien arises by operation of law to prevent unjust enrichment or to enforce an agreement, rather than through a formal security agreement. It provides a claimant with a security interest in property when legal remedies are inadequate.

Table 1. Record
IdentifierMLC-T-LAW-001897
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-001897",
  "term": "Equitable lien",
  "field": "Law",
  "definition": "A right granted by a court of equity to have a demand satisfied from a particular fund or specific property, even without physical possession. This lien arises by operation of law to prevent unjust enrichment or to enforce an agreement, rather than through a formal security agreement. It provides a claimant with a security interest in property when legal remedies are inadequate.",
  "url": "https://mlchart.com/terminology/law/equitable-lien/"
}

Record 1,788 of 5,445 in Law terminology (MLC-0107). Request the full dataset.