A
A legal claim upon property as security for a debt or charge.
B
A written amendment to a will.
C
A person who receives letters testamentary.
D
A clause postponing the priority of a mortgage.
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Correct Answer
A. A legal claim upon property as security for a debt or charge.
Detailed Explanation
A lien is a security claim against property. In the booklet's 'Definitions and General Terms' section, a lien is a legal claim upon property as security for a debt or charge. Not to be confused with a codicil, which modifies a will, or a subordination clause, which changes lien priority.
Legal Terms & Definitions Question #371
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