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equitable lien

   Also found in: Legal 0.01 sec.
equitable lien

A lien or charge on property arising because of some technical defect in a legal instrument such as a mortgage or because a court determines that the lien is only fair and just under the circumstances after considering all the facts.



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Accordingly, the broker sued the buyer for the commissions on the legal theory that it had an equitable lien for her commissions.
11) Can a circuit court impose an equitable lien against homestead realty owned by a payor former spouse/parent for delinquent support?
However, the appeals court relied on Cotnam, (25) in which the court found that state law gave the attorney an equitable lien or interest in both the cause of action and any award.
 
 
 
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