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Lien
(redirected from Lienholders)

   Also found in: Medical, Legal, Encyclopedia, Wikipedia, Hutchinson 0.03 sec.
Lien
A security interest in one or more assets that lenders hold in exchange for secured debtfinancing.

lien
The legal right of a creditor to sell mortgaged assets when the debtor is unable or unwilling to meet requirements of a loan agreement. A lien makes a bondholder's claim more secure.

Lien. A lien exists when you owe money to a lender on a particular vehicle or other asset, such as real estate, that has been used as collateral on a loan.

An asset on which there's a lien can't be sold until the lienholder has been repaid. When you own an asset on which there's a lien, you risk having it repossessed if you default and don't make the required payments in full and on time.



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Similarly, lienholders who were merchants sometimes discouraged food production in order to supply the needed commodities at exorbitant rates during the growing season, and then claim a larger portion of the crop at its end.
Researchers found company managers sometimes have concerns that may tempt them to pad earnings--for example, improving their bonuses, appeasing shareholders or lienholders or both and attracting potential investors.
The lienholders and the debtor then get to squabble about the division of the proceeds, while the assets transfer lien-free to the purchaser.
 
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