This past week’s question was what is a lien? Well, a lien isThe question, and answer, were taken from p. 266 of the Dictionary of Banking Terms. This book was edited by Thomas P. Fitch and published by Barron’s Educational Services in 1997.A “creditor’s claim against property to secure repayment of a debt. A lien encumbers the borrower’s property pledged as security, up to the amount of the debt, and guarantees the lender’s right to collect payment through legal means…”
