Lien Legal Meaning and Definition

Here is a simplified definition of the legal term Lien.

Lien (noun): A lien is a legal claim or right made against a property or other possessions to ensure the repayment of a debt. This claim allows the lender (the person to whom money is owed) to take possession of the asset if the debt isn't paid. Different types of liens exist, such as landlord liens, which might be enforced on a tenant's property left on rented premises. Liens, except for those issued by the government, are typically enforced in the order they occur.