Lienor
Term · Law · MLC-T-LAW-003034
The party who holds a lien, meaning they have a legal claim or right against another's property as security for a debt or obligation. This individual or entity has the right to enforce the lien, often by foreclosing on the property, if the underlying debt is not satisfied. Examples include a bank holding a mortgage or a contractor with a mechanic's lien.
| Identifier | MLC-T-LAW-003034 |
|---|---|
| Field | Law |
Record as JSON
{
"id": "MLC-T-LAW-003034",
"term": "Lienor",
"field": "Law",
"definition": "The party who holds a lien, meaning they have a legal claim or right against another's property as security for a debt or obligation. This individual or entity has the right to enforce the lien, often by foreclosing on the property, if the underlying debt is not satisfied. Examples include a bank holding a mortgage or a contractor with a mechanic's lien.",
"url": "https://mlchart.com/terminology/law/lienor/"
}
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