MLchartDataset catalogue

Lien creditor

Term · Law · MLC-T-LAW-003033

A creditor who has obtained a legal claim or right against a debtor's property to secure payment of a debt. This status is typically achieved by obtaining a judgment and then levying on the debtor's assets or by filing a financing statement under the Uniform Commercial Code. A lien creditor has priority over certain other creditors in the event of the debtor's insolvency.

Table 1. Record
IdentifierMLC-T-LAW-003033
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-003033",
  "term": "Lien creditor",
  "field": "Law",
  "definition": "A creditor who has obtained a legal claim or right against a debtor's property to secure payment of a debt. This status is typically achieved by obtaining a judgment and then levying on the debtor's assets or by filing a financing statement under the Uniform Commercial Code. A lien creditor has priority over certain other creditors in the event of the debtor's insolvency.",
  "url": "https://mlchart.com/terminology/law/lien-creditor/"
}

Record 2,987 of 5,445 in Law terminology (MLC-0107). Request the full dataset.