lien
Prononciation : [liːən]
Mot
Contexte : « legal »
(noun) a legal right that a lender has over a borrower's property until the debt is repaid. This means if someone owes money, the lender can claim the property if the borrower doesn't pay.
Exemple
The bank placed a lien on the house because they hadn't received the mortgage payment.
Exemple
She was relieved that there was no lien on her property, so she could sell it without any issues.
Exemple
Do you know if there is a lien on your car?
Contexte : « finance »
(noun) a claim against assets to secure payment or fulfillment of an obligation. This is often used in business, like when someone can claim a part of a company’s assets if money is owed.
Exemple
The contractor filed a lien against the business for unpaid services.
Exemple
There is currently no lien against the company's assets, allowing for a smooth sale.
Exemple
What happens if a lien is placed against the business?
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