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Legal Terms & Definitions

A "lien" is best defined as:

A

A claim upon specific property until a debt is satisfied

B

A sworn statement made before a notary

C

A contract transferring only possession of land

D

A certificate filed by a county clerk

Correct Answer

A. A claim upon specific property until a debt is satisfied

Detailed Explanation

A lien is a property claim that secures an obligation. In the booklet's glossary, a lien is a legal right or claim upon a specific property which attaches until a debt is satisfied. Not to be confused with a mortgage on real property, which is one written instrument that creates such a lien.

Legal Terms & Definitions Question #267
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