Menu
Home
Advertise
Forums
Search forums
What's new
Unread posts
New articles
New article comments
Latest activity
Earn Money
Money apps
Passive Income
Paid Survey
Forex
Stock
Real estate
Paid to write
Social Media Earning
Review Website/Apps
Crytocurrency
Bitcoin (BTC)
Ethereum (ETH)
Crypto Exchange
Mining
Crypto Faucet / Airdrops
Binance
Business
Business strategy
Funding a business
Marketing
Digital Marketing
Social media marketing
Email marketing
Brand management
Personal Finance
Money Saving
Retirement
Personal loan
Savings for Students
Debt help
Tax relief
Insurance
Car Insurance
Life Insurance
Liability Insurance
Home Insurance
Health Insurance
Disability Insurance
FAQ
Log in
Register
What's new
Search
Search
Search titles only
By:
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Money Making Forums
Personal Finance Forums
Personal loan
How Important is Lien in Loan Repayment
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
[QUOTE="Jasz, post: 250223, member: 61772"] Lien is a legal charge over property to secure the payment of a debt or performance of an obligation. It is generally used as a security interest over real property, and in some jurisdictions, intellectual property. A lien is a right to keep possession of or ownership of property until the debt is paid. The right may be enforced by legal action (Garnishment) against third parties who are holding that property for the debtor. Liens are often created by state law and they vary from state to state. Liens can be classified into two types- voluntary and involuntary. Voluntary liens are those which arise from contract where both parties agree on it while involuntary liens arise when one party has not agreed to it but still has some benefit out of it. In general, lien is used as a security interest over real property, but in certain jurisdictions it may also be used as security interest over personal property like accounts receivable, inventory etc., A mortgage lender can claim a lien on your home if you don't pay your debt on time. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Money Making Forums
Personal Finance Forums
Personal loan
How Important is Lien in Loan Repayment
Top