Lien and Claim - Page 3 - Law Dictionary

encumber

encumber also in·cum·ber [in-kəm-bər] vt -bered -ber·ing : to burden with a claim (as a mortgage or lien) [ed the land with a mineral lease] ...

Retention

Retention, in Scots law, the right of withholding a debt or retaining property until a debt due to the person claiming the right of retention shall be paid; a lien....

holder for value :a holder to whom an instrument is issued or transferred in exchange for something of value (as a promise of performance, a security interest or lien in the instrument not obtained by judicial process, payment of or use of the instrument as security for a claim against another person, a negotiable instrument, or the incurring of an irrevocable obligation to a third party) ...

Possessory lien

Possessory lien. A possessory lien arises at common law from an agreement express or implied. As a rule it is immaterial how possession is obtained, Robbins v. Gray, (1895) 2 QB 501; Keene v. Thomas, (1905) 1 KB 136. The lien can be extinguished by tender of the amount due and may be lost by waiver express or implied, and also only continues so long as actual possession is retained. See LIEN....

lien waiver

lien waiver A document that releases a consumer (homeowner) from any further obligation for payment of a debt once it has been paid in full. Lien waivers typically are used by homeowners who hire a contractor to provide work and materials to prevent any subcontractors or suppliers of materials from filing a lien against the homeowner for nonpayment. Source: U.S. Department of Housing and Urban Development ...

charging lien

charging lien see lien ...

Contractual lien

Contractual lien, this is a contractual right to retain possession pending payment of sums due to the possessor. The contractual lien, which is often equated with a pledge, is to be distinguished from it in that possession is taken for purposes other than security and unless otherwise agreed the lienee has merely a right to detain the goods until payment of what is due to him, not a right to sell them on default in payment, Halsbury's Laws of England, Vol. 4(1), para 609, p. 265....

Lien And Claim - Law Dictionary Search Results

encumber

Retention

holder for value

Possessory lien

lien waiver

charging lien

Contractual lien

special lien

materialman's lien

mechanic's lien