A lien is an encumbrance on property to satisfy a debt or protect a claim for the payment of a debt.

Name: A lien is an encumbrance on property to satisfy a debt or protect a claim for the payment of a debt.
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Question

A lien is an encumbrance on property to satisfy a debt or protect a claim for the payment of a debt.​

Quizplus · Accepted Answer

A lien is a legal claim on property that guarantees the payment of a debt, whether it's a mortgage on a house, a car loan, or a tax lien on a property. It is an encumbrance on the property and can prevent the owner from selling or transferring the property until the lien is satisfied.

A Lien Is an Encumbrance on Property to Satisfy a Debt