Retaining Lien - Law Dictionary Search Results
interest
payment or performance of an obligation [the security interest of a mortgagee in the mortgaged property] ;also : lien NOTE: While a lien may be created by statutory or judicial means without any agreement providing for security
mortgage
[shows that a deed was intended only as a "W. M. McGovern, Jr. et al."] b : a lien against property that is granted to secure an obligation (as a debt) and that is extinguished upon payment
Transfer
includes sale, purchase, mortgage, pledge, gift, loan or any other form of transfer of right, title, possession or lien. [Prevention of Money-Launder-ing Act, 2002, s. 2(za)] Transfer, includes surrender. Where a tribal surrenders the land and his
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creditor
or goods are due compare debtor, obligor general creditor : a creditor who is not secured by a lien or other security interest called also unsecured creditor judgment creditor : a creditor who has a money judgment
property
that is usually considered part of the bankruptcy estate 2 : property acquired after the perfection of a lien or security interest ;esp : such property acquired after the creation of a lien or security interest that
Constructive trust
which the Court elicits by a construction put upon certain acts of parties. It arises upon a vendor's lien or charge upon land sold for unpaid purchase money, and generally, when an estate is subject to a
bond
giving evidence of a debt issued by a government body or corporation that is sometimes secured by a lien on property and is often designed to take care of a particular financial need see also collateralized mortgage
sale
tax sale : a forced sale of property resulting from nonpayment of taxes by the owner compare tax lien at lien b : a contract for selling or disposing of a security or an interest in a
free
"U.S. Constitution amend. I"] [a and voluntary confession] 3 : relieved from or lacking a burden (as a lien or other encumbrance on title) [a buyer in ordinary course of business…takes of a security interest created by
free
"U.S. Constitution amend. I"] [a and voluntary confession] 3 : relieved from or lacking a burden (as a lien or other encumbrance on title) [a buyer in ordinary course of business…takes of a security interest created by
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