lien

IPA: ɫˈin

(obsolete) A tendon.
(law) A right to take possession of a debtor’s property as security until a debt or duty is discharged.
(uncommon, possibly obsolete) The spleen.

(biblical, archaic) Alternative form of lain [(obsolete) To conceal, keep quiet about.]

Examples of "lien" in Sentences

Not to mention embarrassed if the lien is publicized.
As it takes a couple of weeks for the papers to be processed he was given our usual temporary paper in lien of the actual FM3s.
Before the springing lien is triggered, the new bondholders 'claims would rank behind those of secured debtholders in the event that the company had to file for bankruptcy protection.
In this scenario, the lender takes a haircut because giving them 90 or 95 percent of the value of the lien is more than they would get in an REO sale and they know this and would take it.
The springing lien is just one component of what Mr. Dill called a "weak package" of bondholder protections, known as covenants, for the Momentive note issue, with "liberally crafted features typical of other private-equity sponsored transactions."
Top officials of major banks generally were reluctant to talk on the record about Cole's ideas, but Dan Frahm, a Bank of America spokesman, said his company's "approach has been not to let second lien issues prevent us from modifying" mortgages, including "making principal reductions, even when the second lien is owned by a third-party investor and has not been modified."