What is lien?

Creditor's conditional right of ownership (called security interest) against a debtor's asset or ...

	Thursday, February 19, 2015 lien   Term of the Day lien Creditor's conditional right of ownership (called security interest) against a debtor's asset or property that bars its sale or transfer without paying off the creditor. In a contractual arrangement, a lien is the right of a contracting-party to take possession of a specific asset of the other contracting party, in case the contract is not performed according to its terms. A mortgage ... Learn more about this term Usage Example The agency will first send a notice of a federal tax lien.   Featured Article Capital Lease vs. Operating Lease While leasing may seem like a relatively straight forward process, the accounting and tax treatment of leases can vary greatly depending on if a lease is ... Read this article   Voice Your Opinion How do you deal with a manager who has a personal interest that conflicts with the company's?   Take us with you! Download the BusinessDictionary app today.
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