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Line 1: − + + + + + + + + + + − Specifically, a '''lien''' is a charge on specific property that is designed to secure payment of a [[debt]] or performance of an obligation. A [[debtor]] may still be responsible for a [[lien]] after a discharge in [[bankruptcy]].
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A lien is an encumbrance or legal burden upon property. See also [[judicial lien]].
A '''lien''' is an encumbrance or legal burden upon property. See also [[judicial lien]].
Specifically, a lien is a charge on specific property that is designed to secure payment of a [[debt]] or performance of an obligation. A [[debtor]] may still be responsible for a lien after a discharge in [[bankruptcy]].
== See also ==
*[[Glossary of Budget Terms]]
*[[Mortgage]]
*[[Accounting]]
*[[Funds]]
[[Category:Legal Terms]]
[[Category:Legal Terms]]