SEEKAPOR | an Educational Companion

Lien

Meaning: a legal document filed by a creditor (lender) in order to record its claim on the debtor’s (borrower’s) property.

Synonyms: charge, claim, incumbrance;

Use: The liens may be removed only through a costly legal process.

#WordsInAccounting #WordOfTheDay

October 20, 2019

0 responses on "Lien"

Leave a Message

Your email address will not be published.

top

© Seekapor [current_date format=Y]. All Rights Reserved.