Lien: Canada Debt .ca defines Lien

Bankruptcy Term Lien

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Canada Debt has the definition to the bankruptcy and debt term Lien. Finding answers to terms such as Lien can be difficult, especially if there is more than one definition which is why we have created a page dedicated to financial terms dealing exclusively with debt. Lien in financial terms means...

In debt and bankruptcy terms, the phrase / term 'Lien' is used as follows:

Security for the holder against a debtor's assets, usually arising by operation of law rather than express contract between the parties.