Legal lien
Term · Law · MLC-T-LAW-002972
A claim against property that serves as security for a debt or obligation, arising by operation of law rather than by agreement of the parties. These liens are typically created by statute or common law. Examples include mechanic's liens for unpaid construction work or tax liens for overdue government assessments.
| Identifier | MLC-T-LAW-002972 |
|---|---|
| Field | Law |
Record as JSON
{
"id": "MLC-T-LAW-002972",
"term": "Legal lien",
"field": "Law",
"definition": "A claim against property that serves as security for a debt or obligation, arising by operation of law rather than by agreement of the parties. These liens are typically created by statute or common law. Examples include mechanic's liens for unpaid construction work or tax liens for overdue government assessments.",
"url": "https://mlchart.com/terminology/law/legal-lien/"
}
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