Related Words

Lien: A claim (legal interest) against a home. Common types of liens include a mortgage, tax lien or judgment lien.

Trust Deed Lien: A lien on the property of a truster that secures a deed of trust loan.

Resident Alien: A resident alien is a lawful permanent resident of the United States at any time if he or she has been given the privilege, according to the immigration laws, of residing permanently as an i . . . View Full Definition

Lien Theory: Some states interpret a mortgage as being purely a lien on real property. The mortgagee thus has no right of possession but must foreclose the lien and sell the property if the mortgagor defaults.

Limitation On Liens: A bond covenant that restricts in some way a firm's ability to grant liens on its assets.

Junior Lien-Mortgage: An obligation, such as a second mortgage, that is subordinate in right or lien priority to an existing lien (senior loan) on the same real estate.

Utility Liens: Municipalities often have the right to impose a specific, equitable, involuntary lien on the property of an owner who refuses to pay bills for municipal utility services.

Client: A client is commonly referred to as a program or a process that requests information from other programs or processes. A web browser is a good example of a client. Another example would be a . . . View Full Definition

Client-Server: A network type where every computer is either a server with the role of sharing resources with clients or a client that can access the resources on the server.

Judgment Lien: A general lien on the property of a judgment debtor, giving the holder of the judgment a right to levy the property to satisfy the debt.