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LSDefine

Simple English definitions for legal terms

lien

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A quick definition of lien:

A lien is when someone owes money to another person or company and that person or company has the right to take something of value from the person who owes them money until the debt is paid off. This is like a security deposit. If the debt is not paid, the person or company can take the valuable thing. There are different types of liens, like for farmers, people who work on cars, or people who store things for others.

A more thorough explanation:

A lien is a legal right or security interest that a creditor has in a person's property. This means that the creditor has the right to take possession of the property if the person fails to fulfill their obligation to the creditor. The lien remains in effect until the obligation is satisfied.

There are different types of liens, including:

Some examples of liens include:

  • Artisan's lien: A mechanic who repairs a car and is not paid can place a lien on the car until the bill is paid.
  • Carrier's lien: A shipping company can place a lien on goods that have not been paid for.
  • Floating lien: A lien that covers multiple assets, such as inventory or equipment.
  • Mechanic's lien: A contractor who performs work on a property can place a lien on the property until they are paid.
  • Storage lien: A storage facility can place a lien on items that have not been paid for.
  • Tax lien: A government agency can place a lien on property if taxes are not paid.

These examples illustrate how a lien can be used to ensure that a creditor is paid for their services or goods. If the person who owes the debt does not pay, the creditor can take possession of the property that is subject to the lien.

lie detector test | lien creditor

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General chat about the legal profession.
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15:53
matter fact lets kill all applicant below hmm say 165. just gather them up and kill the,m all
fr and if you dont get into a t5 you should disown yourself to save your parents the trouble
[] baddestbunny
15:53
below 181
15:54
your going to law school and NOT going to hys lmaoooooo see you under a bridge one day buddy
imagine going to the worst ivy
did your contacts class teach you any bridge troll riddles?
JumpySubsequentDolphin
15:54
I’m pretty sure i know a few people that would unironically agree
no but i can tell you about independent and dependent conditions
15:55
under the bridge there be trolls
this guy at my school couldnt break into 160s after two months of studying so he decided to got to the police academy instead
[] baddestbunny
15:55
imagining a type of guy who thinks there's a really prestigious law school called Hys
15:55
Dk
go kys not hys
15:56
retweet
i'm stealing that that's so funny
15:56
not hys? kys!
15:56
need a colloquial abbreviation for the rest of the t14
[] baddestbunny
15:57
super excited to announce that I've finally committed to kys
hahahaha
[] baddestbunny
15:57
waspy I'm dying over here
[] baddestbunny
15:57
they got me on the phones
15:58
put yo pussy on tha phone
you became a slave so others could live free
15:58
im tryna hear sumn
not so limp anymore are we
[] baddestbunny
15:58
nah they got all my friends on the phones too
[] baddestbunny
15:59
nobody important is free
[] baddestbunny
15:59
in 1 minute I'll be on my twelfth hour of work today
Dkk
16:00
I will apply to Yale if it helps the cause.
damn that is a lot of hours
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