statutory lien

Definition of "statutory lien"
  1. A right granted by law to secure payment or performance of an obligation
How to use "statutory lien" in a sentence
  1. The seller gained a statutory lien entitling them to hold the property until the buyer paid in full.
  2. Failure to pay taxes can result in a statutory lien against your property.
  3. A mechanic who repairs a vehicle may obtain a statutory lien to secure payment.

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