When a creditor has a legally protected interest in real or tangible property, this is called a:

Name: When a creditor has a legally protected interest in real or tangible property, this is called a:
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A lien is a legal claim on a debtor's property as a security for a debt or obligation. This means that if the debtor fails to meet their obligation, the creditor has the right to take action to forcibly sell the property to recover their debt.

When a Creditor Has a Legally Protected Interest in Real