A legal claim a lender has on property to secure a debt is called

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A lien is a legal claim or right a lender has over a property to ensure that a debt or loan is repaid. The lender can legally take possession of or sell the property if the debt is not repaid. Collateral is the property or asset that the lender can take possession of, and an acceleration clause is a provision in a loan agreement that allows the lender to demand immediate full payment of the loan under certain circumstances. Garnishment is the process of collecting a debt by taking a portion of the debtor's wages or bank account.

A Legal Claim a Lender Has on Property to Secure