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LSDefine

Simple English definitions for legal terms

Possessory lien

Read a random definition: reporter of decisions

A quick definition of Possessory lien:

A possessory lien is a type of legal right that a person can have over goods that they possess. This means that they have the right to keep the goods until they receive payment or performance for services or materials that they provided in relation to those goods. It only applies to goods that were obtained in the ordinary course of business and is created by law. The value of the lien depends on the person's possession of the goods.

A more thorough explanation:

A possessory lien is a type of interest that secures payment or performance of an obligation for services or materials provided in the ordinary course of business. This lien is created by statute or other law and does not include security interests or agricultural liens. The value of this lien depends on the individual's possession of the goods in question.

  • A mechanic who repairs a car has a possessory lien on the car until the owner pays for the repairs.
  • A dry cleaner who cleans a customer's clothes has a possessory lien on the clothes until the customer pays for the service.

These examples illustrate how a possessory lien works. The mechanic and dry cleaner have possession of the goods (the car and clothes) and can hold onto them until the customer pays for the services provided. This gives them a legal right to keep the goods until the obligation is fulfilled.

possessory interest | possibility of a reverter

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General chat about the legal profession.
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got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
7:55
@WorthlessAttractiveZombie: mine did yesterday morning
7:56
Oops sorry I meant Vilanova. Mine disappeared last week
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