Which Is a Particular Lien?

Which Is a Particular Lien?

: 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.

Robert Thorne
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Robert Thorne

Robert Thorne covers electric vehicle innovations, autonomous driving systems, global mobility trends, and automotive engineering developments.