: a lien upon specific property as security for the payment of a debt or the satisfaction of some other obligation arising out of a transaction or agreement involving that property. — called also specific lien. — compare common-law lien , general lien.
What are specific liens examples?
Examples of specific liens include: -Property tax lien when taxes are not paid. -Mortgage lien when a mortgage is used in financing. -Mechanic's lien when work done is not paid for.
What are the types of liens?
There are three common types of liens: statutory, consensual, and judgment.