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claim or charge held by one party, on property owned by a second party, as security for payment of some debt, obligation, or duty owed by that second party. A lien may arise by agreement between the parties or by operation of law from the relation of the parties or the circumstances of their dealings. A special lien applies only to a specific property and any obligations related to it. A general lien can be enforced on a property for any unfulfilled debt in similar lines of business. Laborer's liens establish priority for the payment of employees in favor of general creditors in cases of bankruptcy; mechanic's liens similarly provide priority for the payment of contractors who provided goods and services for building projects. The holder of a first lien takes precedence over all other encumbrances on a piece of property. A tax lien is held by the state or federal government on property which may be foreclosed for nonpayment of taxes.


A legal charge against property which is made securely for the payment of a debt or for the performance of an obligation.


A right enforceable against specific property to secure payment of an obligation.


Law a right to retain possession of another's property pending discharge of a debt
References in periodicals archive ?
It was observed a variation that consisted of the existence of two left gastric arteries associated with the hepatic and lienal arteries in 3 animals (10%).
In all the dissected animals the lienal artery emerged directly of one way form of the celiac trunk or the gastrolienal trunk, after that it was divided in two branches in 28 animals (93.3%) and in three branches in 2 animals (6.7%).
A little frequent variation was also found and it showed two left gastric arteries associated with the hepatic and lienal arteries in 10% of the animals, while Sleight & Thomford, with the utilization of the necropsy dissection method noticed this same variation in only 2% of the cases, the trifurcation in 64% of the cases and the bifurcation in 34%.