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lien |
Also found in: Legal, Financial, Encyclopedia, Wikipedia, Hutchinson | 0.04 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 (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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Another option available to the owner is to file a counterclaim against the lienor for willful exaggeration of the lien. For example, if a debtor's sale to an alleged lienor will resolve difficult litigation and eliminate the risks of delay and costs of operating a property to resolve disputes, the court will likely consider those factors in addition to the offer price. If the lienor is successful in proving his lien, the contractor may recover the funds secured by the undertaking. |
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Lienor
