A(n) ________ lien is a claim to property in which the lienholder has the right to be in possession of the property until the debt is paid.

Name: A(n) ________ lien is a claim to property in which the lienholder has the right to be in possession of the property until the debt is paid.
Brand: Quizplus
Rating: 4.9 (58 reviews)

Question

Quizplus · Accepted Answer

A possessory lien grants the lienholder the right to retain possession of the property until the debt associated with it is paid. This is distinct from other types of liens where possession might not be a factor.

A(n) ________ Lien Is a Claim to Property in Which