lien on an estate
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LIEN — (Heb. שִׁעְבּוּד נְכָסִים, Shibud Nekhasim). The Concept Jewish law enables the creditor to exercise a lien over all the debtor s property, in addition to his remedies against the debtor personally. This lien automatically comes into existence on … Encyclopedia of Judaism
lien — / lēn/ n [Anglo French, bond, obligation, literally, tie, band, from Old French, from Latin ligamen, from ligare to bind]: a charge or encumbrance upon property for the satisfaction of a debt or other duty that is created by agreement of the… … Law dictionary
Lien — For other uses, see Lien (disambiguation). Property law … Wikipedia
Estate in land — An estate in land is an interest in real property that is or may become possessory.This should be distinguished from an estate as used in reference to an area of land, and estate as used to refer to property in general.In property law, the rights … Wikipedia
lien — An interest or encumbrance held by a creditor in a debtor s real or personal property for the satisfaction of a debt. The lien may arise as a result of a consensual contract between the debtor and the creditor such as a security agreement or a… … Financial and business terms
Lien — A security interest in one or more assets that is granted to lenders in connection with secured debt financing. The New York Times Financial Glossary * * * lien li‧en [ˈliːən, liːn] noun [countable] LAW 1. a person s or organization s right to… … Financial and business terms
Lien Sale — The sale of the claim or hold placed on an asset to satisfy an unpaid debt. Typically, lien sales are conducted as public auctions and the lien is on real estate, automobiles and other personal property. Depending on a particular state s laws,… … Investment dictionary
statutory lien — A lien arising under a statute, not including a security interest or judicial lien. A real estate tax lien is an example of a statutory lien. (Bernstein s Dictionary of Bankruptcy Terminology) A lien arising under a statute, not including a… … Glossary of Bankruptcy
Short sale (real estate) — A short sale occurs when the proceeds of a real estate sale fall short of the balance owed on the property. [http://www.nolo.com/definition.cfm/Term/51715E63 5BC5 4DCE B5E96F71DFF3D5AB/alpha/S/ Short sale (of house) definition at Nolo.com.]… … Wikipedia
tax lien — A lien on real estate in favor of a state or local government which may be foreclosed for nonpayment of taxes. The majority of the states have adopted the Uniform Federal Tax Lien Registration Act. See also tax. + tax lien A statutory lien,… … Black's law dictionary
