MLchartDataset catalogue

Possessory lien

Term · Law · MLC-T-LAW-003808

A right held by a creditor to retain physical possession of a debtor's property until a debt owed for services rendered to that property is paid. This type of lien is dependent on the creditor maintaining continuous physical control over the item. Common examples include mechanic's liens on vehicles or artisan's liens on repaired goods.

Table 1. Record
IdentifierMLC-T-LAW-003808
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-003808",
  "term": "Possessory lien",
  "field": "Law",
  "definition": "A right held by a creditor to retain physical possession of a debtor's property until a debt owed for services rendered to that property is paid. This type of lien is dependent on the creditor maintaining continuous physical control over the item. Common examples include mechanic's liens on vehicles or artisan's liens on repaired goods.",
  "url": "https://mlchart.com/terminology/law/possessory-lien/"
}

Record 3,828 of 5,439 in Law terminology (MLC-0107). Request the full dataset.