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lien |
Also found in: Legal, Financial, Encyclopedia, Wikipedia, Hutchinson | 0.02 sec. |
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lien /li·en/ (li´en) [L.] spleen.lie´nal lien accesso´rius accessory spleen. lien mo´bilis floating spleen.
lien. See spleen. lien (lēn), n a qualified right of property that a creditor has in specific property of the debtor as security for the debt or for performance of some act. lien [L.] spleen. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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An $8,240,000 first lien mortgage for the purchase of two office buildings in Cleveland, Oh. In the first half of the year, S & P reported, the first lien represented 67 percent of the transaction, and the second lien 28 percent. Knowledge of lien status is basic to credit underwriting because loans secured by first liens have a lower incidence of default than loans secured by junior liens or unsecured loans; consequently, loans secured by a first lien are generally offered at the lowest rates of interest. |
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