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Glossary of Legal, Business and Financial Terms

This glossary contains definitions of common legal terms, as well as words and phrases related to business and finance. Some terms may have different meanings based on the area of law or the context in which they are used.

Lien

A legal claim or attachment against real or personal property as security for payment of an obligation arising with respect to that property. For instance, a mechanic hired to fix a vehicle will have a lien against the vehicle until the work has been paid for.

See Also:

Mechanic's lien