Definition
A legal IOU that lets creditors plant their flag on your property until you pay up. Think of it as a financial barnacle that attaches to your assets and won't let go until the debt is satisfied. It's the reason why clearing title before a real estate closing is more complicated than your relationship status on Facebook.
Example Usage
The contractor placed a mechanic's lien on the property after the homeowner ghosted him on the final payment.
Source: Common legal terminology
Related Terms
Translate This Term
See “lien” in Corporate Speak, Gen-Z Slang, Pirate Speak, and more.
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