specific lien

Definition of "specific lien"
  1. A type of lien that only applies to certain property. It is used as collateral for the repayment of a debt or other obligation that comes from a transaction or agreement related to the specified property
How to use "specific lien" in a sentence
  1. The bank placed a specific lien on the borrower's car because he used the car as collateral for the loan.
  2. If the contractor isn’t paid for the renovations, they can put a specific lien onto the house to secure their payment.
  3. In order to secure the payment for the construction supplies, the supplier put a specific lien on the building materials.

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