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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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18:48
true i love ur user
18:49
thank you my little crow friend
Dkk
18:50
Med law easy done
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
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