Definition
A legal claim on someone's property that says 'you owe me money, and I'm holding this hostage until you pay up.' These financial handcuffs ensure creditors get paid before you can sell or refinance. Think of it as a sticky note from the law that won't come off until the debt is settled.
Example Usage
The contractor placed liens on the property after the homeowner refused to pay for the kitchen renovation, effectively blocking the sale until the dispute was resolved.
Source: Common legal and real estate terminology
Related Terms
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See “liens” in Corporate Speak, Gen-Z Slang, Pirate Speak, and more.
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