| Dictionary, Encyclopedia and Thesaurus - The Free Dictionary 3,900,007,164 visitors served. |
Dictionary/ thesaurus | Medical dictionary | Legal dictionary | Financial dictionary | Acronyms | Idioms | Encyclopedia | Wikipedia encyclopedia | ? |
voluntary lien |
0.01 sec. |
|
|
Voluntary Lien A consensual claim to the property of another as collateral to ensure the repayment of a debt. The lien is voluntary because the debtor agreed to it; the placement of a voluntary lien is often necessary in order to secure a loan. An example is the lien placed on real estate to guarantee a mortgage. A voluntary lien contrasts with an involuntary lien, which may be imposed by a court or other body for non-payment of a debt. voluntary lien An agreement to allow the use of specific property as collateral for a debt. Contrast with involuntary lien. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
|
| Financial Dictionary |
| Free Tools: |
For surfers:
Free toolbar & extensions |
Word of the Day |
Help
For webmasters: Free content | Linking | Lookup box | Double-click lookup |
|---|